Petronas launches new vendor devt scheme with 18 partners


Really?

Dateline 2018-07-31, The Star:

Petroliam Nasional Bhd has launched a  new vendor development scheme to nurture local entrepreneurs to overcome high-entry barriers to the oil and gas industry and create a pool of vendors who can generate value.

The national oil company said on Tuesday the scheme, called VDPx, would be under the company’s existing vendor development programme (VDP). It will carried out together with major industry players in the country.

Petronas said this was was part of its initiative to boost the capabilities of local companies in Malaysia’s oil and gas (O&G) industry.

Under the VDPx, the six petroleum arrangement contractors (PACs) and 12 O&G service and equipment (OGSE) companies, will replicate Petronas’ VDP programme, to reach out to more local vendors and further amplify its benefits to the industry as well as the nation.

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