Britain to increase oil and gas investment

British investors will increase their investment in the oil and gas sector in Indonesia, according to British Ambassador to Indonesia Richard Gozney.

A working group has been formed to explore the possibility for British investors to increase their oil and gas investment in Indonesia, Gozney was quoted by Bisnis Indonesia daily as saying.

"With the establishment of this working group, we expects an increasing British investment in Indonesian in the future," Gozney said after signing a memorandum of understanding with Minister of Energy and Mineral Resources Purnomo Yusgiantoro over technical cooperation in the oil and gas sector. (*)