KUALA LUMPUR: Malaysia Petroleum Resources Corporation (MPRC) welcomes the Government’s continued emphasis on strengthening the green economy, one of the 10 key economic diversification areas in the 13th Malaysia Plan (RMK-13) announced by Prime Minister Datuk Seri Anwar Ibrahim today.
This focus reaffirms new opportunities for Malaysia’s Oil & Gas Services and Equipment (OGSE) companies to drive sustainable growth and contribute to the national economy.
Catalysing the Carbon Capture, Utilisation and Storage (CCUS) industry was highlighted under RMK-13’s green economy initiatives, with a focus on encouraging participation from small and medium-sized enterprises (SMEs) and OGSE companies.
The president and CEO Mohd Yazid Ja’afar said in a press statement today that the RMK-13 reiterates OGSE industry’s role in Malaysia’s low-carbon future as it pivots from traditional oil & gas to energy transition opportunities
“This supports MPRC’s commitment to advancing sustainable and low-carbon solutions, a mission we have championed since the launch of the National OGSE Industry Blueprint 2021-2030 (OGSE Blueprint) in April 2021 and further guided by the National Energy Transition Roadmap (NETR) in targeting net-zero for Malaysia by 2050.”
The NETR targets net-zero emissions by 2050, with renewable energy comprising 70% of the generation mix and a complete phase-out of coal by 2044. This reinforces the need for OGSE players to diversify into energy transition-related businesses by leveraging their transferable skills and capabilities.
The roadmap also identifies CCUS as one of six key energy transition levers, with PETRONAS’s Kasawari and Lang Lebah CCS among the 10 NETR flagship projects. Following the passing of the CCUS Act in March 2025 and its Royal Assent in July, RMK-13’s policy direction on CCUS underscores the Government’s resolve to position CCUS as a major economic growth driver.
In RMK-13, the Government also committed to strengthening regulatory frameworks, expanding research and development and commercialisation and innovation (R&D&C&I), and enhancing international collaboration to accelerate CCUS deployment.
Since 2024, MPRC has worked closely with the Environmental and Natural Resources Division of the Economy Ministry on CCUS implementation, including public awareness initiatives and the development of the CCUS Roadmap.
MPRC’s Flagship Initiative 2: Growth Beyond OGSE, introduced in the OGSE Blueprint Mid- Term Review (MTR) in March 2025, also supports CCUS development by encouraging OGSE companies to diversify into adjacent sectors such as carbon management, hydrogen and renewables.
The OGSE Blueprint MTR aims to develop a robust, resilient, globally-competitive OGSE industry in Malaysia, contributing to national energy security, sustainability and energy transition agenda by 2030.
Meanwhile, MPRC also welcomes the nuclear energy development programme in RMK-13, which will further strengthen the country’s low-carbon energy mix and open new participation opportunities for OGSE companies in adjacent industries.
“MPRC remains committed to enabling OGSE companies to thrive in the evolving energy landscape. Through strategic partnerships, policy advocacy, and capability-building, we will continue to champion sustainable opportunities that support Malaysia’s net-zero ambition,” added Mohd Yazid.
