CityView, Mitra Energy to produce LPG in Indonesia
Thursday, March 15 2007 - 02:02 AM WIB
ASX-listed firm CityView Corporation Ltd. announced that it has concluded an agreement with PT Mitra Energy Development to produce liquefied petroleum gas (LPG) in Indonesia.
The first step will form an Indonesian operating company that will negotiate with state-owned oil and gas company PT Pertamina for access to a gas supply, CityView said in statement to Australian Stock Exchange on Thursday.
CityView said that it will be assisted in this proposed venture by Quest Energy Middle East Ltd, which has through its associates, considerable experience in LPG production. (denny)