M’sia Still Preferred For Oil & Gas Industries

April 19, 2016

What technical symposium?

Dateline 2016-03-01, Malaysia Digest:

Malaysia remains a preferred location for business operations, especially in the petrochemical and oil & gas (O&G) related industries.

This is despite facing global headwinds, said Malaysian Investment Development Authority (Mida) Chief Executive Officer Azman Mahmud.

He said Malaysia had the infrastructure for these industries and was still fundamentally strong with the economy expected to grow between 4.0% and 4.5% this year.

“With the implementation of the Pengerang Integrated Petroleum Complex and the Petronas Refinery and Petrochemical Integrated Development project, Malaysia has now been placed on the world map for building opportunities for growth in this ecosystem,” he told reporters after officiating the Schmidt + Clemens Group Technical Symposium here today.

Schmidt + Clemens is a producer of special steel components and a supplier of services for plant operators and mechanical equipment manufacturers.

The company has invested more than 14 million euros in a new production plant at the Sendayan Tech Valley in Seremban, while planning to add a few more machines this year.


Mida in talks with seven foreign oil firms

May 8, 2014

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.