According to MATRADE, the current challenging economic landscape and the ongoing pandemic situation has not affected the Malaysian oil & gas (O&G) companies’ interest to pursue export opportunities in the Middle East, North Africa (MENA) region.
The ambition is to expand in the region and these companies have shown their interest by taking part in Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2021 trade fair. A total of 16 Malaysian firms will be involved at the Malaysian pavilion organised by Malaysia External Trade Development Corporation (MATRADE). ADIPEC 2021 will be held from 15 to 18 November 2021 in United Arab Emirates (UAE) and predominantly attracts trade visitors from the MENA region.
During this period, Malaysian exhibitors keen to access the O&G sector will be able to do so as UAE houses the top 10 global crude oil producers with output contribution of 30 percent of gross domestic product (GDP). The country is also the seventh-largest natural gas reserves globally.
The Malaysian exhibitors at ADIPEC 2021 among others offering services such as fabrication of oil & gas process equipment, engineering services, mechanical services, engineering solutions, explosion protection (Ex) compliance services, Health, Safety and Environment (HSE) solutions as well as, pipeline inspection and cleaning services.
This will be the seventh time that MATRADE will be organising the Malaysia Pavilion at ADIPEC. “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 Mr S. Jai Shankar, Director of Oil & Gas, Chemical and Energy Section who will be heading the delegation from MATRADE.
Furthermore, he indicated that Malaysian companies can leverage on ADIPEC 2021 to gain insights on the latest developments and technologies available in the market either in upstream, middle-stream and downstream of the oil and gas industry to ensure they remain relevant in the global stage.
Exports of petroleum products between Malaysia and UAE in 2020 recorded an increase of 25 per cent to RM499.2 million compared with RM373.0 million in 2019.
