KUALA LUMPUR – Capital spending in Malaysia’s oil and gas services and equipment (OGSE) sector is forecast to rebound in 2027, owing to anticipated increases in upstream and downstream expenditures. According to MBSB Research, PETRONAS spent RM41.4 billion on headline capital expenditure in the first half of 2026, which included investments in joint ventures like PRefChem. A resurgence in industrial investment might stimulate industrial maintenance operations and drive up demand for used lubricating oil collection, recycling, and scheduled waste management services, particularly in areas near major refineries and petrochemical complexes like Pengerang.
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(Source: The Star)