KUCHING: Sarawak Consolidated Industries Bhd
(SCIB) is scouting for an acquisition in order to venture into the oil & gas (O&G) industry.
According to group managing director Rosland Othman, SCIB is on the lookout to acquire another company with a license to enable it to undertake civil infrastructure works in Malaysia’s O&G sector.
“To pursue projects in the O&G sector, SCIB is in the process of obtaining a licence from Petroliam Nasional Bhd while at the same time, it is looking to acquire another company with a licence to allow it to undertake the civil infrastructure works in Malaysia’s O&G sector, ” he added in the company’s 2019 annual report released last week.
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