Indonesia to sign billions of dollars of energy and trade deals in Abu Dhabi - Reuters:
Indonesian President Joko Widodo will oversee the signing of $18.8 billion worth of energy and trade deals on a visit to Abu Dhabi, including Pertamina’s deal with Abu Dhabi National Oil Co to upgrade a West Java refinery, ministers said on Tuesday.
Some of the deals have been under discussions for some time, while others, such as Pertamina’s purchase of LPG from ADNOC, are new.
Widodo will witness the signings this weekend on his first overseas trip of the year, following an official visit by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan to Indonesia in July.
Widodo, whose second term in office began in October, is keen to attract more foreign investors to help create jobs and boost growth in Southeast Asia’s largest economy.
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