Barakah consortium bags RM84.1mil Rapid contract


KUALA LUMPUR: Barakah Offshore Petroleum Bhd’s unit, PBJV Group Sdn Bhd, in consortium with Macfeam Sdn Bhd, has received a letter of award (LoA) from PRPC Utilities and Facilities Sdn Bhd for a contract worth RM84.1mil.

In a filing with Bursa Malaysia on Wednesday, Barakah said the contract entailed the procurement, construction and commissioning of underground pressurised non-metallic piping firewater network for the east side of utilities, interconnecting, offsite facilities in the Petronas Refinery and Petrochemical Integrated Development project.

The work would be carried out and completed in 20 months from April this year, it said.

“The project is expected to contribute positively towards the earnings and net assets per share of the group for the duration of the contract,” it said. - Bernama

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Euro falls to 20-year low Premium
Tesla plays 'whack-a-mole' with snags as deliveries fall for first time in two years Premium
Exxon profit set to soar again; White House wants more oil Premium
Oil price tumbles 9% on recession demand destruction fears Premium
S&P 500, Nasdaq end higher as investors eye economic path Premium
Downside to aggressive hike Premium
Asia’s biggest IPOs to watch for in 2H Premium
Sime Darby’s ongoing portfolio rebalancing bid Premium
Brent falls as recession fears deepen demand concerns Premium
Yum Brands close to selling KFC business in Russia Premium

Others Also Read