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Asia-Pacific · Oil & Gas Local Content
Malaysia
Primary instrument
PETRONAS Licensing & Registration + Vendor Development
Enacted / active: Ongoing
Governed by PETRONAS
What the rule actually says
PETRONAS operates a mandatory licensing and registration regime for any company supplying its upstream, downstream, or LNG operations, coupled with a Vendor Development Program favoring Bumiputera-owned SMEs.
— Key requirements
- PETRONAS licence for each product/service scope
- SWEC / SPAK compliance
- Preference for Bumiputera-status vendors
What this means for SMEs
Malaysia in plain English
SMEs must obtain a PETRONAS licence for each product/service category. Bumiputera-status Malaysian SMEs get preferential access via the Vendor Development Program.
— Others in Asia-Pacific