Jakarta (ANTARA News/Asia Pulse) - The government, as the main shareholder of PT Pertamina, has approved a plan by the oil and gas company to invest up to Rp14.9 trillion (US$1.65 billion) in projects this year.
Most of the funds will go towards the Cepu oil and gas block project in East Java and the Pondok Tengah gas field project in Bekasi, West Java.
Pertamina finance director Frederick Siahaan said funding for the projects will be acquired through a loan worth US$500 million and from other sources including bonds.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.