KUALA LUMPUR: The government's RM1.1bil investment in Sapura Energy Bhd
(SEB) is a crucial lifeline for vendors grappling with severe cash flow challenges due to outstanding payments, amounting to approximately more than RM10mil, offering a much-needed boost to the local oil and gas ecosystem.
Speaking to Bernama, Keyfield International Bhd chief operations officer Mohd Erwan Ahmad said the outstanding debts had caused severe cash flow issues for the company, mainly when the non-payment from SEB occurred in the second half of 2021, during the peak of the Covid-19 pandemic.
