Oiltek bags new contracts from Africa, Central America, and Malaysia

The new contracts increased Oiltek’s order book to $114.7m.

Oiltek International (Oiltek) has secured new contracts from Africa, Central America, and Malaysia valued at approximately $5.9m (RM19.5m).

The new contracts were acquired by its wholly-owned subsidiary, Oiltek Sdn. Bhd.

It involves the design, fabrication, delivery, testing, and commissioning of a new physical refinery plant, dry fractionation plant, neutralisation plant, and the upgrading and retrofitting of a chemetator refrigerant control system of a texturising plant.

With these new contracts, Oiltek’s current order book increases to approximately $114.7m (RM378.3m) and is expected to be fulfilled over the next 18 to 24 months.

“The new contracts secured are part of our continued business efforts to expand geographically to other markets with emerging prospects and is also testimony to our industry recognition in key markets outside of Asia like Africa and Central America for our reliable, innovative, diversified, and comprehensive range of process and engineering solutions,”  said Henry Yong Khai Weng, executive director and CEO of Oiltek.