Bakrie secures pipeline contract from Chevron

PT Bakrie Pipe Industries (BPI), the unit of Indonesian stock exchange-listed firm PT Bakrie & Brothers has signed a contract worth US$95.75 million to supply pipes for the operational need of oil and gas firm PT Chevron Pacific Indonesia, Kontan Daily reported on Wednesday.

?The contract maturing in two years is valued at US$95.75 million or Rp 895 billion,? said the company?s President Director Bobby Gafur Umar in Jakarta on Tuesday. (*)