Government urges Malaysia’s OGSE players to break into international markets
Translated from Malay and summarized by DistantNews. Read the original for the full story.
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- Malaysia’s government urged local oil and gas services and equipment companies to pursue international markets rather than rely on their existing strengths.
- Economy Minister Akmal Nasrullah Mohd. Nasir said the energy transition offers opportunities beyond the energy sector, including for technology and innovation.
Malaysia is urging its oil and gas services and equipment, or OGSE, companies not to become complacent about their current strengths and to look beyond the domestic market.
Economy Minister Akmal Nasrullah Mohd. Nasir said the industry should use the opportunities created by the energy transition to improve its technological and innovation capabilities.
He said the government viewed the energy transition as more than an issue confined to the energy sector. It also presents an opportunity for local companies to strengthen their capabilities and enter international markets.
About this summary
Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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