Prabowo Courts Russian Firms to Develop 138 Energy Blocks in Indonesia
Prabowo invited Russian companies to invest in and develop 138 energy exploration blocks that have been opened in Indonesia.
President Prabowo Subianto invited Russian firms to invest in and develop 138 energy exploration blocks in Indonesia, speaking at the Eastern Economic Forum in Vladivostok, Russia. The President stated that Indonesia is open to cooperation with Russian groups to develop joint projects in the energy sector, including refineries and storage terminals. Although Indonesia currently has a surplus of LNG, it remains receptive to the use of Russian technology and joint projects.
The Head of State also mentioned that Indonesia-Russia cooperation is expanding in the fields of fertilizer production and mining processing. A memorandum of understanding was signed between an Indonesian fertilizer company and a Russian business group to jointly invest in a gas-based fertilizer production project in the Russian Far East.
Indonesia is collaborating with Rusal, a Russian aluminum company, in the mining processing sector. Rusal plans to enter Indonesia on a large scale to develop refineries alongside Indonesian partners. Prabowo reiterated Indonesia's openness to further cooperation with Russia across various sectors.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
