Indonesian Financial Minister Airlangga Hartarto reportedly informed enterprise leaders throughout a closed-door briefing on Monday that sovereign wealth fund Danantara plans to finalize an $8 billion engineering, procurement, and building settlement with KBR Inc. KBR to construct 17 modular refineries.
In keeping with Reuters, the refinery contract was detailed in an official Indonesian financial ministry presentation reviewed by the outlet and confirmed by two sources accustomed to the matter.
The deal follows a broader commerce settlement between Indonesia and the US that led to a discount in a proposed U.S. tariff fee from 32% to 19%.
Additionally Learn: First Photo voltaic, Different U.S. Photo voltaic Companies Urge Trump Administration To Impose Tariffs On Photo voltaic Cell Imports From Indonesia, India, Laos
The deliberate settlement between Danantara and KBR has not but been publicly introduced. Each firms declined to remark, and no additional particulars in regards to the contract had been supplied.
Trending Funding Alternatives
The identical presentation referenced a possible $2 billion funding by Indorama in a blue ammonia venture in Louisiana, contingent on tax credit. It additionally outlined a $14.4 billion valuation for U.S. aviation offers and famous Indonesia’s buy of fifty Boeing plane, as said by President Donald Trump.
Reuters reported that the whole worth of potential Indonesia-U.S. offers might hit $34 billion.
Value Motion: KBR shares had been buying and selling 1.11% increased to $46.50 premarket finally examine Tuesday.
Learn Subsequent:
Picture through Shutterstock
Market Information and Information delivered to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
