Malaysia and Turkmenistan set to deepen energy ties through OGSE pact
Twenty Malaysian companies are taking part in OGT 2026 as Malaysia seeks opportunities in specialised engineering and higher-value services.
Malaysia Petroleum Resources Corporation (MPRC) is scheduled to sign a memorandum of understanding with State Concern Turkmennebit on Oct 22 to help Malaysian energy businesses collaborate in Turkmenistan, according to the Economy Ministry.
The proposed pact with Turkmenistan’s national oil company covers services and equipment for the oil and gas sector (OGSE). Economy Minister Akmal Nasrullah Mohd Nasir said Malaysia wanted stronger energy ties to create commercial openings in technology, specialised engineering and higher-value services.
Addressing the opening plenary at the Oil and Gas of Turkmenistan (OGT 2026) in Ashgabat, he said Malaysian businesses were ready for long-term collaboration that would create local value, beyond supplying products and services.
The ministry said 20 Malaysian OGSE companies, among them Petroliam Nasional Bhd (Petronas), were participating in the three-day event that started on Oct 21. The first Malaysia Pavilion hosted seven exhibitors through MPRC’s International Market Access Programme under the National OGSE Industry Blueprint 2021-2030.
Akmal Nasrullah also has meetings scheduled with Turkmenistan government officials and leaders from Dragon Oil and Eni Turkmenistan Ltd to discuss economic ties and possible collaboration.
According to the ministry, those discussions will help prepare for the Malaysia-Turkmenistan Energy Cooperation Roundtable involving Malaysian OGSE businesses and Turkmenistan stakeholders, including Turkmengas and Turkmennebit. It expects the roundtable to advance cooperation in higher-value services, the transfer of technology and skills development.
