Thursday 30 June 2016
 
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Indonesia

Lulu opens its first hypermarket in Indonesia

The UAE-based retail major Lulu Group marked its retail push into Indonesia with the opening of its first hypermarket in the country in capital Jakarta.   The group has already announced plans to invest $500 million and set u

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Iran to sign oil, LPG deal with Indonesia

Iran is set to sign a contract for the sale of crude oil and petroleum gas (LPG) to Indonesia, a report said. Indonesian Energy Minister Sudirman Said will discuss bilateral ties in Tehran, Iran, today (May 29) and sign a memorand

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Saudi Arabia to join Islamic infrastructure bank

Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia's finance minister. Speaking to

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Saudi Arabia to join Islamic infrastructure bank

Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia's finance minister. Speaking to

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Aramco, Pertamina award refinery contract

Saudi Aramco and PT Pertamina (Persero) have awarded the engineering and project management services contract to conduct the basic engineering design (BED) study for their joint Cilacap Refinery upgrade project to Amec Foster Wheeler Energy Limi

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Jakarta to sink without construction project

Indonesian President Joko Widodo said on Wednesday that large parts of the nation's capital will sink below sea level if a $40 billion construction project, mired by accusations of corruption, does not go ahead. A major briber

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No urgency for oil freeze now: Indonesia

Indonesia's governor to the Organization of the Petroleum Exporting Countries (Opec) said on Monday that oil at $45 a barrel was "not bad" and that there would be no urgency to freeze output if crude remained at that price.

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Pertamina looks to India to process Iraqi crude

Indonesian state-owned energy company Pertamina hopes to seal a deal this year with an Indian refiner to process around 1 million barrels of Iraqi crude oil each month, its chief executive said.   "It is bet

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Indonesia eyes Iran LPG deal, but not crude

Indonesia's Opec governor said on Monday a deal was imminent for importing Iranian condensate and liquefied petroleum gas, but not for crude oil. A delegation of Indonesian oil officials will travel to Iran later this week to

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Aftershocks rock Indonesia after 7.8 quake

Strong aftershocks rocked Indonesia early on Thursday after a massive undersea earthquake sparked fears of a region-wide disaster similar to the 2004 Indian Ocean quake and tsunami that killed more than 200,000 people. There were

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