Mida in talks with seven foreign oil firms


Date 2014-04-28, The FMT:

The Malaysian Investment Development Authority (Mida) says it is talking to at least seven American and European investors to participate in Malaysia’s oil and gas (O&G) industry.

Mida’s CEO Azman Mahmud said it was too early to name the parties but said they represent new investors as well as existing ones that are looking at new fields.

Azman said in 2013 Mida approved some RM7.05 billion of investments in the O&G sector, involving 18 projects in machinery and equipment, petroleum and petrochemical sectors, engineering support services and O&G services.

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