Yayasan Pesara Kerajaan Malaysia Acquires 30% In Oil & Gas Start Up MOGS – BERNAMA

“We see much potential in the company’s business model. Plus, the acquisition will also help ensure MOGS is able to deliver returns to its shareholders,” YPKM board of trustee member Datuk Wira Jalilah Baba pointed out.

Yayasan Pesara Kerajaan Malaysia (YPKM) has acquired a 30 per cent stake in start-up Mulk Oil & Gas Synergy Sdn Bhd (MOGS), for an undisclosed amount.

As the oil and gas industry has been impacted by a double blow of COVID-19 pandemic and low oil prices, start-up Mulk Oil & Gas Synergy Sdn Bhd (MOGS) enters the Malaysian market to offer their expertise in reviving idle oil wells in Malaysian waters.