Thursday, June 2, 2011

#Flash* Govt to set up one-stop body to promote Malaysian oil field services, says Muhyiddin

KUALA LUMPUR: The government is aware of the need for a one-stop government body with sufficiently deep industry knowledge and expertise that focuses on coordinating and promoting the Malaysian oil field services and equipment (OFSE) industry, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

'The government is in the midst of establishing the Malaysia Petroleum Resource Corp which will look into creating an attractive business environment for multinational corporations by ensuring administrative ease as well as to promote the Malaysian OFSE industry to overseas companies and investors," Muhyiddin in his keynote address at the Oil & Gas Asia 2011 opening ceremony on Thursday, June 2.

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