Indonesia’s President Joko Widodo arrived in Abu Dhabi this week at the head of a high-level trade delegation. As one of Asia’s largest economies, with rapidly growing energy demand and dwindling oil output, Indonesia is a potentially critical growth market for Gulf producers.
During the trip, Abu Dhabi state giant Adnoc sealed a series of deals with its counterpart Pertamina, as well as publicly listed Indonesian firm Chandra Asri Petrochemical (CAP). The headline deal was an MoU with Pertamina for a potential petrochemicals complex at Balongan, West Java province, while the two firms also signed a sales agreement for Adnoc to supply up to 528,000mn tons (6.12mn barrels) of LPG by the end of 2020. (CONTINUED - 924 WORDS)