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FINANCIAL NEWS
Oman to invest USD7b to build oil facilities in Indonesia
22 Jun 2015
(MENAFN) The Sultanate of Oman is set to invest a total of USD7 billion to establish oil storage facilities, a petrochemical plant and a refinery in Indonesia, according to official statements, Gulf Times reported.
Through the deal, the Indonesian government aims at reviving its oil and gas industry and boosting fuel output to help meeting the increasing demands amidst its 240 million population.
In this direction, the country has already granted 13 new oil and gas blocks to companies like Conoco Philips, Shell, Total and Statoil with combined investment commitments of USD155.8 million.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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