OGSE players to benefit from RM1bil maritime and logistics fund

KUALA LUMPUR: The RM1bil maritime and logistics fund is expected to benefit oil and gas services and equipment (OGSE) players, especially the close-to-100 offshore support vessel (OSV) service providers in Malaysia, according to Malaysia Petroleum Resources Corp (MPRC).

“We commend the expansion of the RM1bil maritime and logistics fund by Bank Pembangunan Malaysia Bhd to include oil and gas support services as well as shipbuilding and repairs. This is expected to benefit OGSE players, especially the close-to-100 OSV service providers in Malaysia,” MPRC president/chief executive officer Mohd Yazid Ja'afar said in a statement.