O&G business of New Silkroutes set to see revenue surge
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Singapore
THE oil-and-gas (O&G) trading business of Singapore-listed New Silkroutes Group (NSG) is set to more than quadruple its revenue, just over a year after its operations.
Building on its growth momentum, NSG's wholly owned subsidiary International Energy Group (IEG) said it is on track to generate more than US$225 million in revenue for the financial year ending June 30, 2017, up from US$49.6 million for FY16.
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