Jordan and Indonesia plan to boost investment

Jordan and Indonesia plan to boost investment

Associated Press, Amman

Jordan and Indonesia plan to boost investments in economic cooperation in the field of energy and joint ventures, state-run Petra News Agency said Monday.

Jordan's official news agency said that Indonesian Minister of Energy and Mineral Resources Purnomo Yusgiantoro concluded three- day talks with his Jordanian counterpart Mohammad Batayneh in Amman Monday.

They preliminarily agreed to cooperate in oil, electricity, gas and mineral resources projects. The two countries also are to study prospects for Indonesian participation in the development of the Risheh gas field near the Jordanian eastern border with neighboring Iraq.

The Indonesian minister affirmed his country's desire to benefit from Jordan's geographic location as a center for marketing all types of Indonesian energy products to Europe and Middle East countries, Petra said.

Jordan's state-run National Petroleum Company, which has had a concession agreement since 1996 to explore and produce gas in the Risheh area, plans to conclude a four-year contract with Golden Spike of Indonesia to develop the Risheh gas field to upgrade its production to 150 million cubic feet daily in four years, Petra said.