PDB signs 6 additional agreements to sell working inventory and deadstock for RM132.93mil

KUALA LUMPUR: Petronas Dagangan Bhd (PDB) has signed six additional agreements to sell its working inventory and deadstock in the storage tank at selected fuel terminals to Petco Trading Labuan Company Ltd, an indirect wholly-owned unit of Petroliam Nasional Bhd, for RM132.93 million.

In a filing with Bursa Malaysia today, it said a total of 14 selected fuel terminals have been identified for new operating model (NOM) implementation to be executed in phases based on product and operational readiness.