UALA LUMPUR: UBG Bhd has entered into an agreement with Mubadala Development Company to set up a 50:50 oil and gas exploration and production joint venture (JV).
The JV company will explore, develop, operate, produce, treat and sell petroleum within Malaysia with an initial focus on Terengganu, Sarawak and Sabah.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!