OIL STORAGE US$ 4.6 BILLION BUILT IN BATAM

[CATEGORY: OIL AND GAS]

One Singapore-based company committed to immerse investment crude oil storage tanks and fuel oil in Batam, Riau Islands, worth US$ 4.6 billion, or Rp 59.8 trillion.

Ricky Kusmayadi, Director of the Indonesia Investment Coordinating Board in Singapore, said at the start of the second half, there is an additional investment commitment of US$ 4.6 billion in Singapore from the company's oil and gas sector. The investment will be used to build oil storage tanks in Batam, Riau Islands.

However, Ricky was reluctant to mention Singapore investors who will invest US$ 4.6 billion worth it.

Reference :

1.     Ricky Kusmayadi, Director of the Indonesia Investment Coordinating Board in Singapore

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