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Oilfield equipment specialist MTQ zeroes in on Middle East for ‘steady growth’

It will continue to press on in the traditional energy sector, while looking out for opportunities in renewables

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Elysia Tan

Elysia Tan

Published Mon, Jun 19, 2023 · 05:50 AM
    • While MTQ does not expect a return to the heyday of huge orders and high growth, it will focus on keeping utilisation high and opportunities in the Middle East, says group CEO Kuah Boon Wee.
    • While MTQ does not expect a return to the heyday of huge orders and high growth, it will focus on keeping utilisation high and opportunities in the Middle East, says group CEO Kuah Boon Wee. PHOTO: YEN MENG JIIN, BT

    EVEN as renewable has emerged as the energy sector’s hottest buzzword, fossil fuels are still far from being relics of a bygone age – and remains MTQ Corporation’s best bet for growth.

    “The glory days when everyone reported huge orders are probably over,” admitted Kuah Boon Wee, the engineering, repair and maintenance services group’s chief executive officer.

    But MTQ capped off its 2023 financial year with the highest annual revenues recorded from its Bahrain segment since it moved into the Middle East over a decade ago.

    ToplineMTQ CorpOil and gas

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