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Article: Medcos to spend $3 BLN for seven major energy projects.(CORPORATE NEWS IN BRIEF)(P.T. Medco Energi International Tbk)(Brief article)
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- July 1, 2008
CopyrightCOPYRIGHT 2008 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PT Medco Energi Internasional Tbk plans to invest up to US$3 billion in the next five years. Currently Medco has seven major projects including the Senoro gas block in Toili, Central Sulawesi, A gas block off Aceh, and Lematang gas block in South Sumatra. The company also has enhanced oil recovery project in Rimau South Sumatra, and oil block in Libya, an ethanol factory project in Lampung, and sarulla geothermal power project in North Sumatra. The seven projects are estimated to cost US$3 billion. Company President D. Cyril Noerhadi said Medco is seeking a loan of ...