GAC Malaysia has been awarded the license to provide bunkering, freight forwarding, shipping and non-bonded warehousing services by the custodian of Malaysia’s national oil and gas resources.
The Petroliam Nasional Berhard (Petronas) allows GAC Malaysia to provide these services to both the oil and gas upstream sector in Malaysia and the downstream sector for the Petronas Group of Companies.
Petronas is the country’s fully integrated oil and gas multinational corporation and the authority responsible for the licensing of third-party contractors.
GAC Malaysia managing director Mike Camara said Malaysia’s regional oil and gas hub status is the source of growing business opportunities in both the upstream and downstream sectors.
“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,” Mr Camara said.
GAC operates eleven 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.