Malaysia Petroleum Resources Corporation (MPRC) was established to advance the local oil and gas services and equipment (OGSE) industry and anchor on Malaysia’s strategic geographical location to transform the country into a thriving regional hub for the sector.
MPRC provides trade and investment facilitation services to attract international players to establish their regional bases in the country to reinforce Malaysia’s appeal as a regional hub.
That includes leveraging on partnerships with fellow Government agencies and international counterparts to promote Malaysian OGSE capabilities globally.
To encourage competitiveness and nurture long-term resilience among Malaysian OGSE players, MPRC implements industry development initiatives covering technology and innovation, human capital development, market access and internationalisation, and access to finance facilitation.
Formed in April 2011 and currently an agency under the Economic Planning Unit under the Prime Minister's Department, MPRC provides recommendations to the Government to promote the globalisation of local OGSE capabilities in the upstream, midstream and downstream sectors.
MPRC Mission Statement
- To create a dynamic and progressive oil & gas services and equipment industry in Malaysia where companies can compete and grow
- To promote more vitality in the oil & gas industry via joint ventures, collaboration, strategic partnerships and alliances
- To encourage close cooperation among industry, government and society so that the oil & gas industry in Malaysia anchors the future prosperity of the country