Malaysia's Weststar to reassess venture into Iraq


Ismail (front, left) and Agusta Westland CEO Daniel Romiti signing the agreement. With them are (from left) Weststar commercial director Datuk Abdul Aziz Ali, Malaysian High Commissioner to the UK Datuk Ahmad Rasidi Hazizi, Weststar director of business development Datuk Anuar Noordin and Finmeccanica CEO Mauro Moretti.

LONDON: Weststar Aviation Services Sdn Bhd will need to reassess its venture into Iraq as the current conflict and insurgency renders the country very risky, said chief executive officer Tan Sri Muhammad Ismail Jamaluddin.

“We have conducted a feasibility study, which was commissioned by Petronas Carigali Iraq. That study has been accepted by Petroliam Nasional Bhd (Petronas). It is an onshore project. However, it is now on hold because of the situation there,” he said.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Weststar

   

Next In Business News

Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Court Of Appeal rules in favour of SC in insider trading case
EPF buys more shares in QL Resources, raising stake to 5.01%
MGRC and Twistcode Technologies collaborate to develop advanced bioinformatics platform
Ringgit trims earlier gains to end slightly lower against US dollar
Ho Hup disposes of Bukit Jalil land for RM110mil
Perodua eyes 79% export surge to 1,960 units this year
Favelle Falco secures RM39.2mil contracts for offshore, tower cranes
RHB Islamic International Asset Management appoints Najman Isa as CEO
Sunzen to buy 70% stake in Eye Nation Medical

Others Also Read