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Article: BUSINESS IN ASIA TODAY - FEB 28, 2002.

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AsiaPulse News
Article date:
February 28, 2002
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Business in Asia on Feb 28, 2002. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

THREE FOREIGN OIL FIRMS TO INVEST US$1.6 BLN IN INDONESIA

JAKARTA - ChevronTexaco Corporation of the US, TotalFinaElf of France and Gulf Indonesia Resources of Canada will invest US$1.6 billion this year to develop Indonesia's oil and gas resources. According to The Jakarta Post, ChevronTexaco was ready to invest US$450 million through its Indonesian subsidiary, PT Caltex Pacific Indonesia (CPI), and other affiliates. The company will spend US$225 million of the ...

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