October 15, 2012

Malaysia Oil and Gas Companies Generate US$64m Sales in Kazakhstan

Malaysia Oil and Gas Companies generated US$64mil (RM195.7mil) in sales during a specialised marketing mission for oil and gas (O&G)held in conjunction with the six-day Kazakhstan International Oil & Gas Exhibition and Conference (KIOGE) 2012 which ended on Oct 5.

Malaysia External Trade Development Corp (Matrade) said the sales were for various products and services such as engineering services, gasket, seals and expansion joints, transportation of halal products and services, non-destructive testing and radioactive materials and metal bellows.

“The Malaysian companies had many fruitful meetings and the generated sales value is six times more than the specialised mission held in conjunction with the World International Economic Forum we organised last year,” said Matrade chief executive officer Datuk Zakaria Kamarudin.

KIOGE 2012 brought together 547 exhibitors from Azerbaijan, Belgium, the United Kingdom, Hungary, Germany, Iran, Italy, Kazakhstan, Canada, China, Latvia, Malaysia, the Netherlands, Norway, the United Arab Emirates, Poland, Russia, Romania, Saudi Arabia, the United States, Turkey and France.

Meanwhile, Matrade trade adviser Dr Ali Sher said Malaysian companies should form a consortium to effectively compete and gain entry into Kazakhstan.

Zakaria urged participating companies to seriously consider the proposal so as to create better impact in terms of strength and size of their presence in the local market, as well as, facilitate collaboration with Kazakhstan’s counterparts.

Source: Bernama News