Barakah’s Sarawak play

Heavy burden: Barakah’s largest overhead is the KL101 pipelay barge, seen here, that is likely to remain idle for financial year 2017 and in turn pose a heavy burden on its cash flow, according to Maybank Investment Bank Research.

The emergence of a company linked to Sarawak tycoon Yaw Teck Seng in Barakah has piqued interest

THE emergence of Samling Energy Sdn Bhd, a company linked to Sarawak tycoon Tan Sri Yaw Teck Seng, as the second-largest shareholder in Barakah Offshore Petroleum Bhd has put the mid-cap oil and gas (O&G) offshore pipeline service provider back on the radar of investors.