Malaysia's oil and gas industry is a key pillar of the economy, making up approximately 20% of annual GDP. This year, the oil & gas, services and equipment, or OGSE industry anticipates a notable rise in capital expenditure, signalling positive growth prospects. Yet, attention is drawn to the Middle East, where potential conflict escalation could bring both uncertainties and potential advantages for oil and gas entities. Ts. Syed Saggaf Syed Ahmad, President of The Malaysian Oil, Gas & Energy Services Council (MOGSC) shares his analysis of the industry landscape for 2024.

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