AK controlling Malaysia’s O&G?

Has billionaire entrepreneur Ananda Krishnan secured direct control of a series of Sarawak’s off-shore oil fields through his Pexco division?

Pexco Sarawak signed 4 PSCs (production-sharing-contract) for the large area west of the prolific Central Luconia Platform where there is more than 35Tcf of recoverable gas.

“The area covers almost 25,000 sq Km and makes Pexco one of the largest acreage holders in Malaysia.

“This year the company will aggressive acquire more than 3,600 sq km of 3D seismic in preparation for exploration drilling,”

https://www.freemalaysiatoday.com/category/...g-malaysias-og/

very bad day

all red

Plantation related companies really got "burned" today

Because of the Indon burning

heavy selling by foreign fund today

foreign fund selling

Ex-Johor MB Abdul Ghani appointed Sime Darby chairman with effect from July 1. He was also appointed as an independent and non-executive director.

Lost his bid for Gelang Patah, Now gets Chairman Post at GLC

TH Plantations denies open burning allegation

TH Plantations Bhd has denied allegations that the firm undertakes open burning at its oil palm estates in Indonesia's Riau province.

TH was responding to reports alleging that its Indonesian unit PT TH Indo Plantations as one of the eight Malaysian plantation firms contributing to the current haze across the region.

TH is the second Malaysian plantation firm to deny the allegations after Kuala Lumpur Kepong Bhd.

According to TH, a subsidiary of of Lembaga Tabung Haji, group's oil palm operations in Riau are at a mature stage.

As such, there has been neither new land development nor replanting activities being carried out across the group's plantation tracts there.

agreed

RSPO Identifies Members Suspected Of Causing Indonesian Fires

They are Indonesia's PT Jatim Jaya Perkasa and Sinar Mas and Malaysia's Tabung Haji Plantations, Kuala Lumpur Kepong and Sime Darby.

80% N95 mask produced in Indon? then the yearly haze. Why I'm not surprise