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FINANCIAL NEWS
Qatar, Indonesia join forces in gas search
01 Jul 2016
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.
Indonesia already sees and realizes the great potential in joining forces with the gulf country, plus the fact that its gas reserves are located in hard-to-reach areas.
Accordingly, Indonesia needs significant investments and technology to recover the gas, therefore the USD1 billion Joint Investment Fund has been signed.
Indonesia imports USD1.5 billion worth of gas and oil annually, and the energy demand in the next four years will be 6.1mn bpd of fuel, including coal.
More News
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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