Dialog seeks more business overseas

PETALING JAYA: Dialog Group Bhd is actively expanding its overseas business as part of the company’s strategy to boost earnings, chairman and group managing director Ngau Boon Keat said.
The group, he said, was targeting the United States by year-end, after its success in the Asia-Pacific, Australia, South Africa, Saudi Arabia, Britain and Europe.
“We are also interested to expand our operations in new territories like Australia, Kazakhstan and Nigeria,” he told reporters after the company EGM yesterday.
Ngau said Dialog’s overseas business contributed about 50% to group revenue last year.
“We expect another round of good growth this year,” he added.
Clients of the integrated specialist technical services provider for the oil, gas and petroleum industry in the upstream and downstream activities include multinational oil majors, national oil companies as well as multinational engineering and construction firms.
Ngau said Dialog was positioning to be a global player, given the universal nature of the oil and gas (O&G) industry.
He said the group’s prospects were positive, in line with continued strong world demand for energy, combined with insufficient refining capacity global.
This resulted in the world O&G industry players intensifying exploration, production, processing and manufacturing efforts both upstream and downstream.
“Dialog wants to aggressively capitalise on these tremendous business opportunity, both locally and globally,” added Ngau.
Paris-based International Energy Agency, in its latest report, forecast that world energy demand would grow an average 2.2% a year.