Petronas license opens the way for GAC Malaysia
Malaysia, 2 September 2019 – The custodian of Malaysia’s national oil and gas resources has awarded GAC Malaysia the license to provide bunkering, freight forwarding, shipping and non-bonded warehousing services.
The Petroliam Nasional Berhard (Petronas) license opens the way for GAC Malaysia to provide these services both to the oil & gas upstream sector in Malaysia and the downstream sector for the Petronas Group of Companies. Petronas is the country’s fully integrated oil & gas multinational corporation and the authority responsible for the licensing of third-party contractors and services and equipment providers operating in the industry.
“As the world’s third largest LNG exporter and the second largest oil and natural gas producer in Southeast Asia, Malaysia’s regional oil & gas hub status is the source of growing business opportunities in both the upstream and downstream sectors,” says Mike Camara, GAC Malaysia’s Managing Director. “With this license, we are now open to more opportunities, and can provide support to Petronas projects, as well as projects by its joint venture partners for offshore blocks and their multinational vendors, some of whom are already GAC’s customers in other parts of the world.”
GAC operates 11 offices in Malaysia including one in Labuan, the country’s main oil and gas supply base, one at Kemaman Supply Base and one in Bintulu.