The mid-term review of the National Oil and Gas Services and Equipment (OGSE) Industry Blueprint 2021 to 2030 next year will encompass sustainability and energy transition for the industry as Malaysia accelerates its low-carbon aspirations to achieve net-zero greenhouse gas emissions as early as 2050. Economy Minister Rafizi Ramli said the Malaysia Petroleum Resources Corp (MPRC) would lead the review with other OGSE Blueprint partners. MPRC president and chief executive officer Mohd Yazid Ja’afar said the OGSE Blueprint review will provide guidance on sustainability practices for OGSE companies in view of the stricter requirements for the adoption and disclosure of sustainability from clients, regulators and financiers.

Source: The Star