RI pipeline project revived

L&M Group Holding Ltd. said it has signed a heads of agreement with PT Siwani Trimitra Tbk to co-operate in reviving pipeline projects entered into by unit Van Der Horst Ltd. with Pertamina.

Van Der Horst, which was recently acquired by L&M Group, had invested up to US$60 million in these projects involving the construction, procurement, engineering, consultancy, design of pipeline and satellite depots for Pertamina, it said. (*)