Petronas’ OGSE Vendor Financing Programme was established in May 2018 to assist Malaysian OGSE vendors impacted by the oil price crisis in securing working capital and improving their cash flow to stay afloat.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will collaborate with Bank Muamalat Malaysia Bhd to offer financing to Petronas’ oil and gas service equipment (OGSE) and small and medium enterprises (SME) vendors under the vendor financing programme (VFP).
Petronas senior vice president of project delivery and technology Samsudin Miskon said on Wednesday the company sought innovative solutions for the mutual benefit of all parties so as to drive the overall growth of the Malaysian oil and gas sector.
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