Local consultants still dominate 60% of Petronas contracts

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Local consultants still dominate 60% of Petronas contracts
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KUALA LUMPUR: Some 108 companies have benefited from Petronas' vendor development programme (VDP) with contracts worth about RM9bil as of October this year, the Dewan Rakyat is told.

Economic Affairs Minister Datuk Seri Azmin Ali said that the VDP programme was among various initiatives taken to ensure more local vendors could participate actively and competitively in the oil and gas industry.

Hasan had asked the ministry to state the number of international consultants hired by Petronas, following complaints by local industry players that they were not given the chance or trust to carry out similar works. "For specific and technical working scopes, like engineering, procurement, construction and commissioning , digital and technological proprietary , local expertise are still limited and need to be outsourced.

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