Bursa Malaysia Stock Watch

Jobs galore for SapuraCrest, Kencana?

kltrader
Publish date: Wed, 14 Jul 2010, 04:34 PM
kltrader
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SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd will benefit the most among Malaysian oil and gas services providers from a 'staggering' RM27 billion of potential contracts, CIMB Investment Bank Bhd said.

The bulk of the jobs are domestic and in line with a strategy by the government and Petroliam Nasional Bhd to commit more resources into Malaysia and developing domestic reserves, CIMB analyst Norziana Mohd Inon said in a report today. - Bloomberg
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