Dateline 2013-06-27, FMT:
Pakatan Rakyat MPs urged Prime Minister Najib Tun Razak to explain reports that a private company received a lucrative concession to work on an offshore oil block in Sarawak. Speaking at the Parliament today, DAP MP Ariff Sabri alleged that the company, Pexco, received concession to work on a 25,000 square-kilometre block at the offshore oil block. Ariff also claimed that Pexco is linked to Usaha Tegas Sdn Bhd, which belongs Malaysian billionaire T Anandakrishnan.
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Posted by Wata
Ah, now I know where marketing efforts should go.
Dateline 2013-06-12, FMT:
Has billionaire entrepreneur Ananda Krishnan secured direct control of a series of Sarawak’s off-shore oil fields through his Pexco division? Pexco is the natural resources division of Usaha Tegas, which is controlled by Krishan. The question surfaced after Pexco chief executive officer Sean Guest posted an update on Linked-in describing the oil and gas company as having “one of the largest acreage holders in Malaysia”. Pexco’s “primary assets” according to Guest are now in Australia, Indonesia, Malaysia and Etiopia. Guest’s CV posting noted that Pexco is focused in Australia-Asia and the Indian-ocean rim and has regional offices in these areas.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Ananda Krishnan, Pexco | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 