Indonesia to seal $18.8 bln in energy, trade deals in Abu Dhabi

Indonesian President Joko Widodo will oversee the signing of energy and trade deals worth a total of USD 18.8 billion on a coming trip to Abu Dhabi, Indonesian officials said on Tuesday.

Around 12 deals are to be signed this weekend. They include an agreement by Pertamina to purchase LPG from ADNOC, an investment by Mubadala Investment Company in Pertamina’s Balikpapan refinery expansion and a deal under which ADNOC will co-operate on a refinery upgrade in Balongan.

In the area of power generation, Indonesian state utility PLN plans to sign a power purchase agreement with renewables player <a href=’https://staging.theenergyyear.com/companies-institutions/masdar/’>Masdar for a 145-MW floating PV power plant in West Java.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

2 days ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

2 days ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

2 days ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

3 days ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

3 days ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

3 days ago

This website uses cookies.