Uzma to gain from demand for oilfield chemicals

PETALING JAYA: Kenanga Research is upbeat about the prospects of local oil and gas service and equipment firm Uzma Bhd after concluding a two-day visit to the group’s Labuan yards.

The yards are under 70%-owned Malaysia Energy Chemical and Services (Mecas) and 86%-owned Setegap Ventures Petroleum (SVP), with Mecas specialising in production-related and oilfield chemicals.