MINETECH Resources Bhd has entered into a memorandum of understanding with a Kazakhstan company to pursue oil and gas (O&G) ventures, among others.
The quarrying specialist said in a bourse filing today that it intended to collaborate with Hadid Oil & Gas LLP in exploring business ventures from O&G to construction in Kazakhstan and the region.
Hadid is a private company that provides a comprehensive range of services in the energy industry in Kazakhstan.
Minetech’s shares opened 6.9% lower at 27 sen after the midday break. - June 29, 2020