Iran to invest in Indonesian gas-and-oil projects

Iranian President Mahmoud Ahmadinejad will sign US$600 million in investments in Indonesia’s gas and oil sector during a state visit next month, a foreign ministry spokesman said Friday.

“Iran wants to invest US$200 million to fix offshore refinery platforms in Indonesia and also to invest US$400 million in building a gas pipeline from South Sumatra to Batam,” Yuri Thamrin said at a press briefing.