Indonesia, RoK sign MoU on oil and gas cooperation

Indonesian energy producer, PT Pertamina, and a consortium of companies of the Republic of Korea (RoK) signed a memorandum of understanding (MoU) to explore business cooperation opportunities in Indonesia’ oil and gas industry, specifically in the Refinery Development Master Plan (RDMP) of Dumai in Riau.
Indonesia, RoK sign MoU on oil and gas cooperation ảnh 1PT Pertamina and a consortium of Korean companies signed a MoU to explore the business cooperation opportunities in Indonesia' oil and gas industry, specifically in the Refinery Development Master Plan of Dumai in Riau. (Photo: theinsiderstories.com)

Jakarta (VNA) –
Indonesian energy producer, PT Pertamina, and a consortium ofcompanies of the Republic of Korea (RoK) signed a memorandum of understanding(MoU) to explore business cooperation opportunities in Indonesia’ oil and gasindustry, specifically in the RefineryDevelopment Master Plan (RDMP) of Dumai in Riau.

The signingwas carried out online on May 20, witnessed by head of the InvestmentCoordinating Board Bahlil Lahadalia.

Thestate construction firm, PT Nindya Karya, also involved in the deal while theKorean consortium was represented by DH Global Holdings Co. Ltd.

The1.5 billion USD project is expected to increase domestic oil and fuelproduction capacity, reduce the reliance on oil imports and address the current accountdeficit in the future, said Lahadalia in an official statementreleased on May 21.

Thedeal is accordance with the Indonesian Government’s efforts to support theacceleration of the implementation of mega projects under the NationalStrategic Projects.

PertaminaDirector, Ignatius Tallulembang, said the third parties will conduct a studyon upgrading the Dumai Refinery, expressing his hope that there will be animportant milestone in December.

Pertamina aimedto double its capacity to 2 million barrels per day, produce environmentallyfriendly fuel products of the Euro5 standard and petrochemical products./.
VNA

See more

Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dr Kao Kim Hourn (R) (Photo: asean.org)

ASEAN chief confident in Malaysia’s chairmanship

Malaysia's priorities for its 2025 chairmanship include strengthening ASEAN centrality, fostering trust through dialogue, diplomacy, and goodwill, and expanding economic partnerships beyond ASEAN borders.

Malaysia’s foreign direct investment is expected to remain robust in the long term. (Photo: thestar.com.my)

Malaysia expected to remain magnet for FDI

A confluence of factors, including its significance in the global tech supply chain, friendly FDI policies, existing industry clusters, a skilled labour force and extensive free trade agreements (FTAs), makes Malaysia an outperformer in the region

The website of the Anti-Fake News Centre has had nearly 28 million views. (Bangkok Post File Photo)

Thailand to use AI to prevent fake news

The Thai Ministry of Digital Economy and Society said it is cooperating with over 300 agencies to eradicate fake news while looking to use articial intelligence (AI) to verify news reports.

Illustrative image (Photo: https://nationthailand.com)

Nissan to close factory in Thailand

The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces (Photo: The Nation)

Wildfires rage northern Thailand

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces, the Region 3 Forest Fire Control Centre said on February 13.

Thailand suspends issuance of gun carrying permits to curb crime

Thailand suspends issuance of gun carrying permits to curb crime

Traisuree said the order was issued because many people in Thailand carry firearms in public places without a sound reason. Some display their firearms in public to intimidate others. Such habits could lead to crime and danger to people’s lives, properties and morale, she said.

Participants pose for a group photo at the 31st ASEAN-China Senior Officials’ Consultation in China's Ningbo city on February 13, 2025. (Photo: https://asean.org/)

China proposes new initiatives of cooperation with ASEAN

The Chinese side reaffirmed its support for ASEAN's community-building efforts and the bloc’s central role in regional affairs, emphasising the priority China places on its relationship with ASEAN as part of its neighbourhood diplomacy.

Malaysian Foreign Minister Seri Mohamad Hasan (right) and his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13. (Photo: Bernama)

Malaysia, Cuba strengthen bilateral ties

Malaysian Foreign Minister Seri Mohamad Hasan met with his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13, where discussions focused on enhancing collaboration in trade, health care, education and tourism.