Vallianz eyes entry into Egypt and Iran

Singapore

OFFSHORE vessel owner Vallianz Holdings is set on expanding its fleet to support its venture into Egypt and Iran together with its joint-venture partner Rawabi Holdings.

Stopping short of committing to a fleet expansion plan, Vallianz's chief executive Ling Yong Wah told reporters that the opportunities in Egypt, where a giant gas discovery with 30 trillion cubic feet of resources was unveiled by Eni, will be "as significant as" those in Saudi Arabia.