By Robin Chan

THE oil and gas industry in Singapore still has strong long-term growth prospects, despite short term movements in the oil prices, said Senior Minister of State for Trade and Industry S Iswaran on Tuesday.

He was speaking on Tuesday at the opening of OSEA 2008, an oil and gas exhibition and conference that drew 36 per cent more participants this year to over 1,300 companies.

Mr Iswaran said: 'After years of high double-digit growth, the industry now faces some near term uncertainties.'

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