Pertagas to invest $325m this year
Thursday, January 21 2016 - 03:26 AM WIB
PT Pertamina Gas (Pertagas), a subsidiary of state owned oil and gas firm PT Pertamina (Persero), will invest US$325 million this year, according to an official of the firm.
"$305 million of the investment will be used for business development including the completion of several sections of pipeline (projects) such as Gresik-Semarang, Muara Karang-Muara Tawar and Porong-Grati," Public Relations & CSR Manager Hatim Ilwan said in Indramayu, West Java.
"Our main business is gas transportation. (Our gas) pipelines currently reach a total length of 2,200 km. If the four major projects can be completed this year, we will be having an additional 500 km of pipelines," he said.
Editing by Reiner Simanjuntak