JAKARTA. The Indonesian government has invited investors, including those from China, to develop industrial estates in North Kalimantan, a province with great energy potential.It has at least nine oil and gas fields, including one called the Ambalat block that has oil and gas reserves mounting to 764 million barrels and 1.4 trillion cubic feet, respectively, and hydroelectricity potential estimated at 33,000 megawatts (MW).Industry Ministry Airlangga Hartarto stressed the importance of attracting investors to develop and optimize North Kalimantan’s potential as the development will cost a large amount of money.
Chinese investors invited to develop N. Kalimantan
JAKARTA. The Indonesian government has invited investors, including those from China, to develop industrial estates in North Kalimantan, a province with great energy potential.It has at least nine oil and gas fields, including one called the Ambalat block that has oil and gas reserves mounting to 764 million barrels and 1.4 trillion cubic feet, respectively, and hydroelectricity potential estimated at 33,000 megawatts (MW).Industry Ministry Airlangga Hartarto stressed the importance of attracting investors to develop and optimize North Kalimantan’s potential as the development will cost a large amount of money.
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