Vendor Financing Program

Introducing a vendor financing program exclusively for the Oil & Gas Services and Equipment (OGSE) sector – a strategic collaboration between Petronas, Syarikat Jaminan Pembiayaan Perniagaan (SJPP) and Bank Islam to assist and provide financing option to the vendor, as one of the many ways it can add value to the OGSE sector.


Benefits & Features

Facilities offered

  • Multi Trade Facility
  • Business Cash Line-i

Purpose of financing

Working capital

Financing Amount

Up to RM10 million

Contract financed

Goods and services supplies contract awarded by PETRONAS.

Benefits

  • Competitive financing rate.
  • Simplified approval process.
  • Customised facility structure in accordance with the contract requirements by PETRONAS.
  • Collaboration with SJPP as credit guarantee provider.

Eligibility & Requirements
  • Licensed & Registered with PETRONAS;
  • Obtain projects directly from PETRONAS;
  • Classified under PETRONAS’ minimum performance rating upon approval:-
    • “Contractors Performance Evaluation” (CPE) of Class A & B; or New Rating
    • “Supplier Tracking Assessments Rating” (STAR) of 4 Star & 3 Star
  • Minimum of 3 years financial performance track record