Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct

Reuters

JAKARTA, Nov 24 (Reuters) - Indonesia's state-owned energy company Pertamina invested $2.14 billion in upstream assets from January to October this year, its CEO Dwi Soetjipto said on Tuesday, with total capex reaching $2.89 billion as of last month.

Earlier, Pertamina said it was expected total full-year investment to reach $4 billion this year, growing to $5-$6 billion in 2016, including a $1 billion budget for overseas asset acquisitions.

(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Gopakumar Warrier)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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