Cito signs RM13b deal with China firm
A MALAYSIAN firm, Cito Petroleum (M) Sdn Bhd, has penetrated the China market with the signing of a RM13 billion contract to supply fuel oil to Blue Mountain Energy International Ltd of China. Executive Chairman Datuk Seri Abu Raihan Wan Jaafar said the company would be shipping 500,000 tonnes of the heavy fuel oil “mazut” a month for two years. “The first shipment will start next month,” he …

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