KUALA LUMPUR (Dec 21): UMW HOLDINGS BHD [] shares advanced on Wednesday after its 60% owned Synergistic Generation Sdn Bhd secured a RM94.74 million (US$29.7 million) contract from Petronas Carigali Iraq Holding BV to supply materials and install the Garraf Power Plant phase 1 for the Garraf field located onshore Iraq.
At 9.05am, UMW rose seven sen to RM6.54 with 6,700 shares traded.
UMW said Petronas Carigali Iraq was engaged in the development of the Garraf Contract Area, Iraq under a development and production service contract between South Oil Company, Petronas Carigali Sdn Bhd, Japan Petroleum Exploration Co Ltd and North Oil Company.
At 9.05am, UMW rose seven sen to RM6.54 with 6,700 shares traded.
UMW said Petronas Carigali Iraq was engaged in the development of the Garraf Contract Area, Iraq under a development and production service contract between South Oil Company, Petronas Carigali Sdn Bhd, Japan Petroleum Exploration Co Ltd and North Oil Company.
