MATRADE’s Foreign Buyers Programme Achieved RM722 Million at 2nd MOGSEC
TUESDAY, 30 SEPTEMBER, 2014, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) organised an Incoming Buying Mission (IBM) in conjunction with Malaysia Oil & Gas Services Exhibition and Conference (MOGSEC) 2014 at Kuala Lumpur Convention Centre (KLCC) from 23 to 24 September 2014.
A total of RM722 million sales were recorded during the event encompassing the potential collaboration in bio-ethanol construction works and pilot plant, non-destructive testing (NDT), NDT rope access, process automation system, consultation and training services and oil and gas products such as filters, pipes, bolts and fasteners.
Dato’ Dzulkifli Mahmud the Deputy CEO of MATRADE said “We received positive feedbacks from the foreign buyers as well as Malaysian companies toward this IBM programme. The generated sale also reflects the confidence of the foreign buyers towards Malaysia’s expertise and capabilities in the oil and gas sector.
“The buyers are looking forward to have the similar programme in the future. They said that this is a good platform for them to explore Malaysia’s expertise for future collaborationâ€, added Dato’ Dzulkifli.
MATRADE had pre-arranged 119 business meetings between 12 foreign buyers from Japan, Myanmar, Norway, Pakistan, Indonesia, Kenya, Korea and Qatar with 74 of Malaysia’s oil and gas players.
Over the next ten-years, Malaysia will see larger growth in gas production than in crude oil, through EOR and new deepwater project. Malaysia has 4.0bn barrels (bbl) of proven oil reserves at the start of 2014 and 2.35trn cubic metres (tcm) of proven gas reserves.
