PETALING JAYA: Hibiscus Petroleum Bhd has initiated asset action plans and established a framework of cooperation with commodity trading and logistics company Trafigura Pte Ltd, to ensure business continuity and mitigate the effects of the Covid-19 pandemic.
In a filing with Bursa Malaysia yesterday, the oil and gas exploration company said it had signed a deed of supply and collaboration with Trafigura for potential future offtake of crude oil by Trafigura from assets owned and projects undertaken by Hibiscus.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!