OGSE industry to contribute up to RM50bil to GDP by 2030


KUALA LUMPUR: The oil and gas services and equipment (OGSE) industry is expected to contribute between RM40 billion and RM50 billion to the country’s gross domestic product by 2030 from RM20 billion last year, said Minister in the Prime Minister's Department Datuk Seri Mustapa Mohamed today.

He said the higher contribution by the sector would be driven by the implementation of initiatives under the National OGSE Industry Blueprint 2021-2030.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
OGSE , GDP , Mustapa Mohamed

Next In Business News

Ringgit likely to trade within 4.04-4.07 range next week
China equities set to shine
Markets look beyond Venezuela shock
Banking on trust
The puzzling MMAG premium exit that wasn’t
Offering luxury for less
Banks snatch up mortgage bonds
EV dreams, petrol reality
Semiconductors still in US crosshairs
Underrated threat of AI-driven inflation�

Others Also Read