Reach Energy inks MoU with Kazakhstan-based company

Reach Energy Bhd (REB) has entered into a memorandum of understanding (MoU) with Kazakhstan’s Gas Processing Co LLP (GPC), aimed to provide a framework of cooperation between the two parties.

In an exchange filing on Monday, Reach noted both companies see a mutually beneficial partnership in the gas processing business in Kazakhstan.

The MoU shall terminate 12 months after signing or upon the signing of the definitive agreements, whichever is earlier and can be extended upon written mutual agreement.

GPC has strong ties with the local Kazakhstan government and state-owned enterprises are seen as value-adding benefits to Reach’s presence in Kazakhstan. – TMR