Indonesia to sign billion-USD energy, trade deals in Abu Dhabi

Indonesian President Joko Widodo will oversee the signing of 10 energy and trade deals worth a total of 18.8 billion USD on a visit to Abu Dhabi, according to Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan.

Thursday, January 09, 2020 17:02

Jakarta (VNA) –Indonesian President Joko Widodo will oversee the signing of 10 energy and trade deals worth a total of 18.8 billion USDon a visit to Abu Dhabi, according to Coordinating MaritimeAffairs and Investment Minister Luhut Pandjaitan.

Among the agreements is Indonesian state energy firm Peramina’sdeal with Abu Dhabi National Oil Co (ADNOC) to upgrade a West Java refinery.Peramina will also sign a deal to buy between 170,000 tonnes and 520,000 tonnesof liquefied petroleum gas from the ADNOC.

PresidentWidodo will witness the signings this weekend on his first overseas trip of theyear, following an official visit by Abu Dhabi Crown Prince Sheikh Mohammed binZayed al-Nahyan to Indonesia in July.

Widodo,whose second term in office began in October, is keen to attract more foreigninvestors to help create jobs and boost growth in Southeast Asia’s largesteconomy./.

VNA

#Indonesian President Joko Widodo #Abu Dhabi #Peramina #Abu Dhabi Crown Prince #Abu Dhabi National Oil Co #Vietnamplus #Vietnam News Agency

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