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Barakah Offshore bags RM29m biodiesel facility contract
by Cals Thu 08 May 2014, 19:26
| Barakah Offshore bags RM29m biodiesel facility contract |
| Business & Markets 2014 |
| Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com |
| Thursday, 08 May 2014 17:36 |
KUALA LUMPUR (May 8): Barakah Offshore Petroleum Bhd announced that its subsidiary, PBJV Group Sdn Bhd, has received a letter of award from Petronas Dagangan Bhd for the procurement, construction and commissioning of biodiesel storage and blending facilities in East Malaysia.
PBJV will be setting up the facilities at PDB Fuel Terminals in Sepangar Bay, Sandakan, Labuan and Miri.
The contract, valued at RM29 million, is expected to commence immediately.
The works are scheduled to be completed by September 2014.
“The contract is expected to contribute positively towards the earnings and net assets per share of Barakah group for the duration of the contract,” said the group.
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