Local SMEs bags RM3.33b in sales at OTC Asia

KUALA LUMPUR: Small and medium enterprises (SMEs) secured sales worth RM3.33 billion at the Offshore Technology Conference Asia, the first to be held in Asia.

Twenty-five local SMEs participated at the four-day conference from March 25 held at the Kuala Lumpur Convention Centre, the Malaysia External Trade

Development Corporation (Matrade) said.

Among the oil and gas products sourced were equipment for oil and gas refineries, oilfield chemicals, pipelines, anti-corrosion chemicals, case tubing and pressure vessels.

For the oil and gas services, the SMEs offered Hydrogen Sulphide (H2S) safety management, engineering designs, cleaning, repair, maintenance of

pressure vessels and storage tanks, pigging services, logistics, non-destructive tests and fire and gas detection system, the national trade promotion agency

said in a statement.

At the conference, Matrade also coordinated two memoranda of understanding signed between Tekno Logam, Japan Mate and Neuron Japan; and Oilfield Technical Inspection and Sky-Futures Partners Ltd.

The signing was witnessed by International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Matrade chief executive officer Datuk Wong Lai Sum.

Matrade received positive response from many foreign buyers for the high quality and expertise of Malaysian companies in supplying various oilfield and downstream products and services.-