Nice to see that a trade association is working to make funds available to the O&G industry. We hope that the spill off gives the little player incentive to continue contributing to the national coffers. Dateline Feb 13, 2009 from The Star:
KUALA LUMPUR: The Malaysian Oil & Gas Services Council (MOGSC) is urging financial institutions to free up credit to oil and gas (O&G) support services players to ensure that O&G activities do not diminish in the current economic downturn.
President Sofiyan Yahya said if there was a contraction in credit, O&G support services players would have difficulty in executing their projects, thus affecting business and industry growth.
“Execution will be a concern if there is a lack of financing as we have projects in hand and investment outlay has been planned for the next couple of years.”
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Wata - Malaysian Oil and Gas Engineer 