Xinhua, 30 Oct 2008
SINGAPORE, Oct. 30 (Xinhua) -- The oil and gas equipment industry faces uncertainty in the short term with the softening of the global economy while its long term outlook remains positive and Singapore continues to strengthen its key competitiveness advantages in the field, Trade and Industry Minister Lim Hng Kiangsaid Thursday.
Speaking at the opening ceremony of a new manufacturing and technology center of Halliburton, a U.S.-based oil service company, Lim said, "the long term outlook of the industry remains positive, with sustained demand for energy from both the major and emerging economies."
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