Coastal Contracts gets RM318.9mil contract extension

KUALA LUMPUR: Coastal Contracts Bhd has signed an addendum to extend its gas sweetening services contract up to Dec 31, 2025, with Mexican state-owned petroleum company Petroleos Mexicanos.

Under the addendum, Coastal Contracts said the maximum contract value has increased to MXN2.78bil, representing an increase of MXN1.14bil, which is equivalent to approximately RM318.9mil.