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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 launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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