FIVE Petroleum proceeds with Uzbekistan venture

FIVE Petroleum Malaysia’s venture will focus on supporting the country’s oil and gas logistics infrastructure.

KUALA LUMPUR: Fuel retailer FIVE Petroleum Malaysia is planning to allocate approximately US$200 million (US$1=RM4.43) in capital expenditure to support its ventures in Uzbekistan.

This includes imparting its expertise for the efficient distribution of natural gas vehicle fuel to retail consumers in the Central Asian republic and modernising its energy infrastructure, its chief executive officer, Datuk Seri Dr King Lim Chin Fui, said.