Petronas awards 60% of contracts to local vendors


I would be interested in a more statistical analysis. Namely, what is the definition of ‘local’ vendors, how many of these vendors are linked to international companies, the value to ‘pure’ local companies (my definition), median, min, max of value, statistical deviation, how many ex-operating company C-suite influencers in these companies. MPRC should be able to help give The Gov more data.

Dateline 2019-11-14, Malaysian Reserve:

PETROLIAM Nasional Bhd (Petronas) has awarded 60% of its total contracts this year to local companies, a main contributor to the country’s oil and gas (O&G) growth.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the state-owned oil company had prioritised local companies, except for specific and technical areas such as proprietary system and digital technology.

He said Petronas alone accounts for about 75% of the sector’s activities in Malaysia.

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