RLE's MD Wan Hassan says Petroliam Nasional Bhd has signalled that it was investing some RM40bil to RM55bil into capital expenditure (capex) over the next five years.“This development is indeed a good sign for us, ” he says
THE continued rise in Brent Crude Oil prices is likely to restore and increase the fortunes of some companies operating in the oil and gas (O&G) space.
Reservoir Link Energy (RLE) Bhd which was listed on the Ace Market of Bursa Malaysia on July 15 last year is poised to also be a beneficiary of strong oil prices.
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