Bintai Kinden Corporation Berhad has entered into a business collaboration agreement with PT Raintech Indo Energi to market and promote flanges, fittings, pipes, and other oil and gas (“O&G”) equipment on behalf of Bintai Energy in Indonesia.
PT Raintech is a company that provides integrated solutions with a focus on the upstream, midstream, and downstream O&G industry as well as the marine, industrial, aviation, water and wastewater, food and beverage, and, healthcare industries.
Under the 3-year agreement, Bintai Energy a subsidiary will collaborate and work together to promote business opportunities and provide the necessary technical and competitive price support on the products to be represented which will be responsible for the promotion of the products in Indonesia and advise Bintai Energy on market-related information on these products.
En. Azri Azerai, Executive Director of Bintai Kinden said, “The collaboration opens up vast opportunities for us as Indonesia is Southeast Asia’s largest economy with a GDP of US$1.19 trillion as of 20211 and a population of 270 million
Its O&G industry is an important contributor to the economy and a key growth driver “We look forward to working together with PTRIE, whose founders are renowned experts in Indonesia’s O&G industry, to seek opportunities that are beneficial to us both as Indonesia has set a target to ramp up crude oil and condensates production to 705,000 barrels a day
Bintai Energy was recently awarded additional sub-contracts to supply high-grade carbon steel/stainless steel piping, valves and piping accessories with a value of approximately RM4.43 million and has to-date clinched approximately RM9.0 million in sub-contracts
