AZRB takes majority stake in Tok Bali Supply Base


Dateline 2015-11-25, The Star:

Ahmad Zaki Resources Bhd (AZRB) has bought a 51% stake in the operator of Malaysia’s third oil and gas supply base, the Tok Bali Supply Base (TBSB) in Kelantan, for RM55mil.

In a filing with Bursa Malaysia, the construction firm and marine fuel product supplier said it had acquired the equity interest in Matrix Reservoir Sdn Bhd (MRSB), the owner of TB Supply Base Sdn Bhd which is the base’s operator.
AZRB said TBSB, the third supply base licensed in the country after the Kemaman and Labuan supply bases, was well positioned to offer integrated logistics services to production sharing contractors and oil and gas service companies operating in the North Malay Basin, Malaysia-Thailand Joint Development Area (MTJDA) and Commercial Arrangement Area (CAA) between Malaysia and Vietnam.
AZRB group managing director Datuk Wan Zakariah Wan Muda said the company had been in the business of providing bunkering services at an onshore supply base for over 20 years.

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