Malaysia External Trade Development Corporation said it is assisting Malaysian Oil & Gas Services and Equipment (OGSE) companies in diversifying their export destinations amid the current Middle East crisis.
MATRADE is asking companies to explore new and emerging markets across Asia, the Middle East, Africa and Latin America.
The oil and gas sector remain a key pillar of Malaysia’s economy, contributing approximately 20% to national GDP. In 2025, petroleum products accounted for RM103.55 billion or 6.4% of Malaysia’s total exports, while liquefied natural gas (LNG) and crude oil contributed an additional RM71.05 billion..
Through programmes such as the Mid-Tier Companies Development Programme (MTCDP) and participation in major global industry exhibitions, MATRADE provides Malaysian companies with strategic exposure, business matching opportunities and access to international buyers.
For example, MIR VALVE secured a contract valued at over RM10 million for a Subsea Pipeline End Manifold (PLEM) project in India, supplying 48-inch Class 300 Shutdown Subsea Ball Valves, among the largest subsea-actuated ball valves in the global market. The project was completed using100 per cent local Malaysian talent, demonstrating the engineering sector’s capability to deliver complex solutions for international energy projects.
MATRADE Chief Executive Officer Mr. Abu Bakar Yusof noted that export expansion by companies such as MIR VALVE also generates broader economic benefits for Malaysia’s industrial ecosystem. “International expansion by Malaysian OGSE companies creates a multiplier effect across the local supply chain. In the case of MIR VALVE, its global projects support around 65 Malaysian SMEs that contribute to its manufacturing and engineering ecosystem.” he said.
Source: https://www.businesstoday.com.my/2026/03/09/malaysian-ogse-players-advised-to-expand-new-markets-amid-current-situation/