“Chasing Something New: Minetech, Hadid Oil Inks MoU to Pursue Trading Opportunities in Kazakhstan”

Minetech Resources Bhd (MRB) has inked a Memorandum of Understanding (MoU) with Hadid Oil & Gas LLP (HOGL) based in Kazakhstan to engage in potential market opportunities , especially in the oil and gas (O&G), construction and other sectors.

All parties have established and mutually decided in Kazakhstan and all other countries and regions to develop the mentioned businesses. In fact, MRB Executive Director Matt Chin and Hadid Group of Companies Chief Executive Officer Sohpian Ariffin signed the MoU, witnessed by Republic of Kazakhstan Ambassador Bolat Imanbayev and MRB Chairman Datuk Awang Daud Awang Putera.

The embarkation of our newly named Chief Executive Awang Daud has opened doors for the company to tap into the Industries in infrastructure, manufacturing , construction and commissioning (EPCC), strength, maintenance , repair and overhaul (MRO).

He has 40 years of civil engineering expertise, which would be a crucial position in driving MRB into emerging foreign markets, growing our global footprint and generating additional revenue opportunities for MRB,” Matt Chin said in a statement recently.

HOGL is a private enterprise offering a wide selection of facilities for the Kazakh oil sector in the fields of EPCC, MRO and underwater facilities (UWS).After more than 5 years of venture in Kazakhstan, we can say that Kazakhstan has more opportunities to offer to Malaysian companies , especially in the O&G market.

As an O&G investor we consider ourselves fortunate to have such a chance because it is known that Kazakhstan’s oil reserve places among the top 15 in the world. He said Kazakhstan is still considered to have cheaper onshore cost output per barrel than outshore cost output, which also helps to optimize benefit during this Covid-19 pandemic period.

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