KUALA LUMPUR: MISC Bhd
has allocated US$4bil in capital expenditure (capex) over the next five years with the aim of securing more floating production storage and offloading (FPSO), and shuttle tankers projects.
Its FPSO segment is grouped under offshore business and shuttle tankers comes under the petroleum and product shipping segment. President and chief executive officer Yee Yang Chien said US$500mil would be set aside for potential FPSO and shuttle tanker contracts yet to be secured this year.
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