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NewsUMW rises in early trade on subsidiary's Carigali job in Iraq
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UMW rises in early trade on subsidiary's Carigali job in Iraq
by hlk Wed 21 Dec 2011, 13:26
Larger Smaller Reset KUALA LUMPUR (Dec 21): UMW HOLDINGS BHD [] shares
advanced on Wednesday after its 60% owned Synergistic Generation Sdn Bhd
secured a RM94.74 million (US$29.7 million) contract from Petronas
Carigali Iraq Holding BV to supply materials and install the Garraf
Power Plant phase 1 for the Garraf field located onshore Iraq.
At 9.05am, UMW rose seven sen to RM6.54 with 6,700 shares traded.
UMW said Petronas Carigali Iraq was engaged in the development of the
Garraf Contract Area, Iraq under a development and production service
contract between South Oil Company, Petronas ''Carigali Sdn Bhd, Japan
Petroleum Exploration Co Ltd and North Oil Company.
advanced on Wednesday after its 60% owned Synergistic Generation Sdn Bhd
secured a RM94.74 million (US$29.7 million) contract from Petronas
Carigali Iraq Holding BV to supply materials and install the Garraf
Power Plant phase 1 for the Garraf field located onshore Iraq.
At 9.05am, UMW rose seven sen to RM6.54 with 6,700 shares traded.
UMW said Petronas Carigali Iraq was engaged in the development of the
Garraf Contract Area, Iraq under a development and production service
contract between South Oil Company, Petronas ''Carigali Sdn Bhd, Japan
Petroleum Exploration Co Ltd and North Oil Company.
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