Peace Accord Signed in Indonesia

Indonesia and separatist Free Aceh Movement (GAM) rebels signed a peace accord in Geneva on Monday. The goal of the accord is to end over two decades of violence in which thousands have died in the Aceh province on the northern tip of Sumatra Island.

"We expect oil contractors can develop more natural gas fields in Aceh after the peace deal. We hope the deal is implemented accordingly to allow peaceful work in the area," Balak spokesman Sidick Nitikusuma said in a statement. He also said that there are more potential oil and gas resources that could be developed and that the peace accord provides excellent opportunities for future investment.