Budget 2024 provides favourable landscape for OGSE firms, says MPRC

“These initiatives will provide a vital shot in the arm for OGSE companies," said Mohd Yazid.

KUALA LUMPUR: Budget 2024 provides a favourable landscape for Malaysia’s oil and gas services and equipment (OGSE) companies to strengthen the industry’s fundamentals and secure its sustainability, says the Malaysia Petroleum Resources Corp (MPRC).

Its president/chief executive officer, Mohd Yazid Ja’afar, said Budget 2024 included significant allocations to advance technical and vocational education and training initiatives, upskilling and certification as well as boost Science, Technology, Engineering and Maths enrolment.