Yinson’s Angola project to boost its coffers

CGS-CIMB Research says the preliminary FPSO Agogo contract was in line with its expectations that Yinson would win the deal from Eni Angola.

PETALING JAYA: Analysts are upbeat on Yinson Holdings Bhd’s latest US$218mil (RM1.23bil) preliminary contract for the floating production, storage and offloading (FPSO) Agogo project in Angola.

This is regarded as an upfront payment for the group to kick-start its project there, according to RHB Research.