<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 22): Piping expert Wah Seong Corp Bhd has been awarded a US$254.1 million (approximately RM1.06 billion) midstream contract by East African Crude Oil Pipeline (EACOP) Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Its indirect subsidiaries, Italy-based ISOAF S.r.L and Tanzania-based ISOAF TZ Ltd, have been awarded the contract for the provision of line pipe thermal insulation services for the East African crude oil pipeline project and feeder line, located between the town of Kabaale in Uganda and the port of Tanga in Tanzania.</p></div>

<div class=newsTextDataWrapInner><p>Wah Seong said in a bourse filing that the work and services are expected to be completed within 30 months from Feb 18, 2022. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract is expected to contribute positively to the group’s earnings over the contract period. It added the contract is project specific and not renewable.</p></div>

<div class=newsTextDataWrapInner><p>At market close, Wah Seong shares slipped 1.38% or one sen to 71.5 sen, giving the piping expert a market capitalisation of RM554.05 million.</p></div>


Piping expert Wah Seong Corp Bhd has been awarded a US$254.1 million (approximately RM1.06 billion) midstream contract by East African Crude Oil Pipeline (EACOP) Ltd.

Wah Seong bags RM1.06b midstream contract from EACOP

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<p>Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.</p>
