BP to invest $11b in Indonesia gas project-Yudhoyono
Indonesia president Susilo Bambang Yudhoyono said on Friday oil major BP will invest $11 billion in the train 3 gas project in Indonesia and said he hoped it would help supply more gas to the domestic market.
Yudhoyono said around 40 percent of the production from the project in eastern Indonesia will be distributed to the local market.
“BP will add investment in the train 3 project. Its gas investment is $11 billion,” said Yudhoyono.
(Reuters)
http://www.reuters.com/article/2012/05/25/bp-indonesia-idUSL4E8GP4RH20120525
Category: ResourceAsia
