KUALA LUMPUR, Nov 11 (NNN-Bernama) — The current challenging economic landscape and the ongoing pandemic situation has clearly not affected the Malaysian oil and gas (O&G) companies’ interest to pursue export opportunities in the Middle East and North Africa (MENA) region.
This is reflected by the fact that 16 Malaysian O&G companies have confirmed their participation in the Malaysia pavilion in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2021 trade fair from Nov 15-18, 2021 in the United Arab Emirates (UAE).
The Malaysian pavilion at ADIPEC 2021 is managed by the Malaysia External Trade Development Corporation (MATRADE).
“We hope that ADIPEC 2021 will continue to be an effective platform to generate new business opportunities and networking for us.
“Malaysian companies are also keen to explore opportunities in the renewable sector,” said MATRADE director of O&G, Chemical and Energy Section, S. Jai Shankar, who will be heading the delegation from MATRADE.
In a statement today, he noted that Malaysian companies intend to leverage ADIPEC 2021 to gain insights on the latest developments and technologies available in the O&G market to ensure they remain relevant in the global stage.
In 2020, exports of petroleum products between Malaysia and the UAE rose by 25 per cent to RM499.2 million from RM373.0 million recorded in 2019.
According to the statement, MATRADE aims to continue promoting Malaysian O&G companies and expanding their market access to key markets in the Gulf Cooperation Council.
Its participation in ADIPEC 2021 is also in line with the National Oil and Gas Services and Equipment Industry Blueprint which aims to strengthen the country’s O&G export sector.
— NNN-BERNAMA