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Monday, 01 December, 2008, 22:10 GMT | more >>

Malaysia’s Petra Energy forms new spin-off



By Upstream staff 

Malaysian oil services outfit Petra Energy has formed a new offshoot, Petra Innotech, to provide design and packaging of mechanical equipment for the oil and gas industry in the domestic and regional markets.

Petra Innotech is a wholly-owned subsidiary of Petra Energy with authorised and issued share capital of 100,000 ringgit ($31,529) divided into 100,000 ordinary shares.

Petra did not disclose when the new offshoot would start operations.


Thursday, 10 April, 2008, 02:37 GMT  | last updated: Thursday, 10 April, 2008, 04:51 GMT

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