Indonesia offers Indian firms gas pipeline projects
Thursday, March 3 2005 - 02:00 AM WIB
Inviting Indian companies to bid for construction of gas pipeline from Indonesia to other countries and tap potentials in oil and natural gas exploration, Indonesian Foreign Minister N Hassan Wirajuda has said Indonesia is keen on further strengthening socio-economic and political ties with the country, Press Trust of India reported Thursday.
"We have vast reserves of oil and natural gas which remain untouched and ready for sustainable utilization... All these spell opportunities for the Indian businessmen...," he said launching the 'www.indiaindonesiatrade.com' website at a CII meeting here Tuesday night.
"They spell profit potentials and possible bases for reaching out to markets in Southeast Asia and the Southwest Pacific," he said, adding that tenders would soon be invited for construction of gas pipeline from South Sumatra to Java and also to Malaysia with whom talks are in final stages.
The Indonesian Minister said that his country was ready to enter into an investment guarantee agreement with India to boost flow of investments into the country. (*)