KUALA LUMPUR, July 11 — Malaysia Petroleum Resources Corp (MPRC) has assisted in generating a total of RM3.49 billion investments in oil and gas (O&G) storage as of 2013.

Another RM3.52 billion investments were attracted in the O&G services, said its president/chief executive officer, Datuk Shahrol Halmi, in the corporation’s inaugural corporate report for 2013.

The report offers an overview of the achievements of the government agency, which was set up in 2011 to make Malaysia the regional O&G services and manufacturing hub.

Shahrol said to secure a human capital pipeline for O&G services and manufacturing, MPRC has increased the number of universities actively engaged with the O&G industry to 11 (in 2013), up from two in the previous year.

“The corporation has also organised the O&G Funding Forum and other networking sessions to increase the industry’s engagement with Bank Negara Malaysia, 18 commercial banks, and seven development agencies,” he said.

He said through MPRC’s efforts, Kuala Lumpur was on its way to join the World Energy Cities Partnership.

“The achievements in 2013 have put Malaysia on course to become the leading regional hub for O&G services and manufacturing.

“As Malaysia becomes a centre of O&G investments, MPRC’s role in promoting and fostering O&G policies will continue to grow,” he said.

Looking forward, Shahrol said, MPRC has targeted to increase the contributions of the sector to Malaysia’s gross domestic product and bring more Malaysian O&G companies to provide their services abroad. — Bernama