Strive to remain competitive: MPRC

March 15, 2018

Dateline 2018-01-29, NST:

With the current temporary rise in the crude oil prices – strengthening since the start of 2018, it will be unlikely for the prices to revert to the heady days of USD$100 per barrel, evident from the cautious response of global oil companies.

As such, Malaysian Petroleum Resources Corporation (MPRC) chief executive officer Datuk Shahrol Halmi said Malaysia oil and gas services and equipment (OGSE) companies should not slow their momentum or lose focus on raising their competitiveness.

“To be more competitive, local OGSE companies should focus on providing economies of scale and integrated solutions,own technologies, employ quality talent, and possess export capabilities,” he said in media briefing recently.

The media briefing was held to share the latest MPRC100 rankings and industry analysis for the financial year ended 2016.


Malaysia on target to become regional oil and gas hub: MPRC

November 4, 2017

Can I be the asylum keeper?

Dateline 2017-09-11, NST:

Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.

Malaysian Petroleum Resources Corporation (MPRC) said the country, deemed as one of the fastest growing economies in the Asia Pacific region and home to market-oriented economy and pro-business government policies, is also aims to ensure its local players to become regional players in the sector.

MPRC chief executive officer Datuk Shahrol Halmi said it is important to have Malaysia’s reputation at play to become a hub, and not just beating the drum claiming to be one.

“We also have strategies to ensure that we get there, and working hard to make sure it happens.

“It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region.

“A hub is not just a hub. It brings other benefits to the Malaysian economy such as technology transfers, job opportunities and high-paying jobs as well,” Shahrol said in an exclusive interview with NST Business recently.


Malaysia on target to become regional oil and gas hub: MPRC

October 22, 2017

Dateline 2017-09-11, NST:

Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.

Malaysian Petroleum Resources Corporation (MPRC) said the country, deemed as one of the fastest growing economies in the Asia Pacific region and home to market-oriented economy and pro-business government policies, is also aims to ensure its local players to become regional players in the sector.

MPRC chief executive officer Datuk Shahrol Halmi said it is important to have Malaysia’s reputation at play to become a hub, and not just beating the drum claiming to be one.

“We also have strategies to ensure that we get there, and working hard to make sure it happens.

“It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region.

“A hub is not just a hub. It brings other benefits to the Malaysian economy such as technology transfers, job opportunities and high-paying jobs as well,” Shahrol said in an exclusive interview with NST Business recently.

 


Malaysia to implement Euro 4M specifications for 95 RON gasoline in Oct 2018

April 12, 2017

Dateline 2017-03-01, S&P Global:

Malaysia has set a timeline of October 1, 2018 to implement Euro 4M gasoline specifications for the 95 RON grade in the country, according to a Malaysian government official.

Malaysia implemented Euro 4M for 97 RON gasoline at retail stations in September 2015, but has yet to make the switch for 95 RON gasoline.

The country plans to implement Euro 5-compliant fuels for 95 RON and 97 RON gasoline on September 1, 2025, and Euro 5 diesel on September 1, 2020, according to the country’s clean fuels roadmap, said Datuk Shahrol Halmi, director of Oil, Gas & Energy at the Performance Management and Delivery Unit in the Prime Minister’s Department.

Oil companies are free to introduce Euro 4M and Euro 5 gasoline and diesel specifications earlier than the stipulated timeline, Halmi said.