BFM 89.9

Podcast  >  Morning Run  >  The Breakfast Grille  >  Overseas Venture Back On The Cards For Deleum

Overseas Venture Back On The Cards For Deleum

11-Dec-17 08:05

Overseas Venture Back On The Cards For Deleum

2018 will be the year Deleum re-engages back its plans to venture overseas, says Group Managing Director Nan Yusri Nan Rahimy.

The group stopped its plans to venture out of Malaysia in 2014 because of the drop in oil prices.

Nan says Deleum was in the process of assessing its positioning in other countries but it had to be put on hold in 2014 because of the drop in oil prices.

"We believe that after 3 years, the new norm is here to stay.. the lower for longer environment (for oil prices) is here. We have come to terms with the new norm.. 2018 will be an area where we would like to re-engage in that process of looking into this expansion," Nan tells BFM Morning Run in an interview.

He also shares that they are always seeking and looking for M&A opportunities.

"In the oil and gas industry, size does matter," he points out.

Deleum’s history can be traced back to the early 1980s. It was listed 10 years ago and has grown to become a niche oil and gas provider in the country with three core business segments-- power and machinery, oilfield services as well as integrated corrosion solutions.

Nan also shares Deleum's expansion plans and strategies as well as the earnings visibility moving forward.

Presented by: Joyce Goh

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.


Tags:  Oil and GasEnergyMergers and Acquisitions

Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows

11:00 AM

A Bit of Culture (REPEAT)

The Etiquette of Splitting A Bill; Kam Raslan | Sheryll Paul | Hafiz Noor Shams

12:00 PM


Upcycling Waste Into Fashion; Rebecca Yau, Founder, Ekha Langkawi

1:00 PM

Marketing Mojo (REPEAT)

Leveraging Star Power; René E. Menezes, President and Co-founder, Involve Asia

2:00 PM

Popcorn Culture (REPEAT)

Popcorn Culture - Longlegs & the Best of Horror

3:00 PM


Getting To Know Malaysian Gamers; Kiron Kesav, Chief Strategy Officer, Omnicom Media Group Malaysia

4:00 PM

Pick Of The Pops

Ep551; Patrick Teoh

6:00 PM

The Pulse (REPEAT)

Pulse Picks - Oddisee, SBTRKT, Salmon Brothers, Private Joy