Oiltek reports fire at customer’s refinery plant in Malaysia

OILTEK International on Monday (Jan 9) reported a Jan 6 fire at a customer’s refinery plant in Malaysia that is supplied by the group.

Part of the equipment supplied by Oiltek was damaged, but there were no casualties or injuries, the group said in a bourse filing.

The integrated process technology and renewable energy solution provider, also noted that the incident was confined to one new refinery plant building that is being commissioned for the customer and does not impact the group’s other ongoing projects.

Oiltek will assess if the fire incident will have any material financial impact on its results for the financial year ending Dec 31, 2023.

Its counter closed flat at S$0.215 on Friday.