UMW to push oil and gas ops

UMW Holdings Bhd, in its efforts to diversify from its automotive business, is aggressively expanding its oil and gas-related operations, which it sees as a significant contributor to group profits over the next two to three years. 

Group managing director and chief executive officer Dr Abdul Halim Harun said: “The group is confident its current investments in the oil and gas-related projects will offer the potential to generate healthy returns even in the near term.”