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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
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
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
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