Malaysia’s O&G players are getting more jobs, but not the financing they need


Are banks still giving O&G workers personal loans? Hello, BSN? And how is an AG company, a Malaysian company?

Dateline 2017-12-09, The Edge:

Malaysia-based oil and gas (O&G) outfit De Raj Group AG just got the requisite approvals for a listing on the Frankfurt Stock Exchange in Germany — far from home but pushed to do so because banks are just not touching oil and gas companies, according to its CEO Vaidyanthan Nateshan.

“We have bankers telling us they won’t touch oil and gas companies with a barge pole, so I’m taking the company to Europe,” he was quoted as saying in The Edge Malaysia‘s cover story for the week of Dec 11-Dec 17, ‘Oil & gas conundrum’, by senior news editor Jose Barrock.

 

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