Siemens Picks Malaysia as Oil and Gas Hub

The German electronics giant Siemens on Monday said it has picked Malaysia as its business hub to tap into the region's oil and gas hotspots. "Kuala Lumpur will be responsible to provide products, services and integrated solutions to those in the oil and gas and petrochemical sector in the South East Asia/Pacific region," the company said in a statement. Siemens said the center, the first of its kind in the region, would provide expertise for oil and gas exploration and production, transport and storage, and refining and processing. The countries that would benefit from the regional business center's resources include Australia, New Zealand, Japan and Singapore, it said.