Indonesian Political, Business & Finance News

Saipem may spend $390M on Karimun port

| Source: ANT
Saipem SpA may spend $390 million to build a port on Karimun Island, says Kontan newspaper, citing Karimun regional secretary Taufiq Ilyas, Bloomberg reported Thursday (27/3/08).

The Indonesian unit of the oil-drilling services company plans to sign an agreement on April 3 with the Karimun government to build on a 140 hectare plot of land, Ilyas was cited as saying.
Tags: business
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