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Article: KUFPEC TO INCREASE INVESTMENT IN INDONESIA.
- Article from:
- AsiaPulse News
- Article date:
- February 25, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. 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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JAKARTA, Feb 25 Asia Pulse - Kuwait Foreign Petroleum Explorations Corp (Kufpec) will increase its investment by US$300 million in Indonesia in the next two to three years.
The additional investment will be used to boost oil and gas explorations and production, Naser Al-Fulaij, deputy managing director of the subsidiary of Kuwait Petroleum Corp. said.
Naser said his company will team up with two or three oil and gas companies to carry out the project.
Kufpex has already ...