Benakat bags $50m loan
Wednesday, March 12 2014 - 04:36 AM WIB
By Alexander Ginting
IDX-listed oil, gas firm PT Benakat Integra Tbk reported on Tuesday that its subsidiary Eastern Core Ltd has signed a US$50 million loan agreement with Kingswood Union Corporation.
The company did not give detail about the loan's term and condition nor about the proceed usage.
Benakat Integra through its subsidiary Benakat Barat Petroleum operates an oilfield owned by state oil, gas company Pertamina under joint cooperation agreement (KSO) in Benakat, South Sumatra.
Editing by Reiner Simanjuntak