Oiltek bags new contracts worth $22.7m, total orderbook reaches $121.6m

The new contracts are from Malaysia, Indonesia, and Pakistan.

Oiltek International Limited announced that it has secured new contracts worth approximately $22.7m (RM74.3m) from Malaysia, Indonesia, and Pakistan.

With the new contract wins, the cumulative contracts secured to date in the financial year 2025 amount to approximately $41.6m (RM136.2m).

With the addition of the new contracts, Oiltek said its current order book amounts to $121.6m (RM 398.2m), to be fulfilled over the next 18 to 24 months barring any unforeseen circumstances.

According to Oiltek, the new contracts are expected to have a positive impact on the group’s financial performance for the financial year ending 31 December 2025.

$1 = RM 3.28