MPRC, Turkmennebit Partners to Expand Malaysian OGSE

ASHGABAT, Oct 23 — The Malaysia Petroleum Resources Corporation (MPRC) and Turkmenistan’s state-owned oil company, Turkmennebit, have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the oil and gas services and equipment (OGSE) sector and create new opportunities for Malaysian companies in the Central Asian nation.

The agreement was signed during the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan 2026” (OGT 2026) by MPRC President and Chief Executive Officer Mohd Yazid Ja’afar and Turkmennebit Chairman Guvanch Agajanov.

Mohd Yazid said the partnership represents a significant step towards deepening energy ties between Malaysia and Turkmenistan while supporting Malaysian OGSE companies seeking to export expertise, technology and specialised services.

He added that MPRC views Turkmenistan as a strategic gateway into the wider Central Asian region and expects the collaboration to generate long-term value for both countries.

Turkmennebit

Under the MoU, both parties will cooperate in areas including oil infrastructure development, refinery modernisation, technology exchange, oilfield services, equipment supply and joint research initiatives.

The agreement builds on Malaysia’s three-decade presence in Turkmenistan through PETRONAS and follows the signing of a framework agreement on long-term hydrocarbon resource development between the two governments in June.

MPRC also led a delegation of 19 Malaysian OGSE companies to OGT 2026, with seven exhibitors participating under the event’s inaugural Malaysia Pavilion.

Brief (20 words):
MPRC and Turkmennebit signed an MoU to expand Malaysian OGSE participation in Turkmenistan and wider Central Asian markets.

#businessnews