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2017-12-27 12:15:00

INDONESIA'S INVESTMENT UP BY 21%

INDONESIA'S INVESTMENT UP BY 21%

PLATTS - Indonesia's state-owned Pertamina plans to spend $3.324 billion on its upstream business in 2018, a 21.16% jump year on year, senior company officials said Friday.

One of the reasons for the boost in capital investment is Pertamina's move to take over the Mahakam block in East Kalimantan, Indonesia, from France's Total and Japan's Inpex, they explained.

"Mahakam's investment requires about $659 million, acquisition $590 million and geothermal projects $183.2 million,"…

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Tags: INDONESIA, PERTAMINA, INVESTMENT, RUSSIA, ROSNEFT

Chronicle:

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