KUALA LUMPUR: Malaysian exhibitors, led by the Malaysia External Trade Development Corporation (MATRADE), secured RM3.54 billion in potential sales during the four-day Offshore Technology Conference (OTC) 2015 amid the recovering phase in the oil and gas industry.
The delegation managed to secure high sales as the major oil & gas companies were looking for new competitive supplies.
MATRADE Director for Oil & Gas and Chemical Section Abu Bakar Koyakutty said the sales were generated mostly from the products’ sector including seamless steel pipe, casing & tubing, premium connections and lightning surge protective device.
The Malaysia Pavilion at OTC 2015 consisted of 19 manufacturers and service provider in the oil & gas sector, including Eversendai Engineering and Muhibbah Engineering (M) Bhd.
During the four-day exhibition, MATRADE also arranged over 200 one-to-one business meetings for the Malaysian exhibitors.
In conjunction with the event, the Malaysia Pavilion hosted Industry Talks by speakers from the Malaysian oil & gas exhibitors and external speakers from the industry, the promotion agency said in a statement.
Abu Bakar said that MATRADE would continue to promote the oil & gas sector to the world market and provide a platform for export ready small and medium enterprise (SME) companies to tap opportunities in the oil & gas sector.
This year, in addition to OTC, MATRADE will organise specialised missions for the oil & gas sector to countries such as Azerbaijan, Kazakhstan, Indonesia, Timor-Leste, Myanmar, Kuwait, the United Arab Emirates, Saudi Arabia, and Vietnam.
With these, Malaysian oil & gas companies can make inroads into the international market by providing high quality products and services to cater to the needs of the global players, the statement added.
– Bernama