Uzma unit enters into EoI with 2 firms

KUALA LUMPUR: Uzma Bhd unit Jannatul Firdaus International Sdn Bhd has entered into an expression of interest (EoI) with Arafura Energies Ltd and Australian Niugini Services for the sale and purchase of hydrocarbon fuel and product. Arafura Energies is a provider of refined petroleum products in Papua New Guinea while Australian Niugini specialises in construction, mining and exploration services, among others. In its filing with Bursa Malaysia yesterday, Uzman said all parties shall negotiate in good faith and enter into a master sale and purchase agreement for the sale and purchase of hydrocarbon fuel. “The duration of the EoI is for one year from July 12, 2024, until July 11, 2025.”…