More firepower to OGSE industry

Yazid said MPRC would be looking at a mid-term review next year to evaluate new initiatives which would be targeted to be shared in 2025.

KUALA LUMPUR: The oil and gas (O&G) industry will be able to leverage on some of the measures announced during Budget 2024, says Malaysia Petroleum Resources Corp (MPRC) president Mohd Yazid Ja’afar. MPRC is an agency of the Economy Ministry that is tasked with developing the country’s O&G services and equipment (OGSE) industry.

The measures included the substantial financing subsidies for small and medium enterprises (SMEs) that will amount to RM44bil.