Saudi Arabia and Indonesia Ink $27 Billion Worth of Oil and Energy Deals ...Middle East

Saudi Arabia and Indonesia this week signed preliminary agreements for investments worth $27 billion in oil, petrochemicals, and alternative energy, during a visit by Indonesian President Prabowo Subianto to the kingdom, where he was hosted by Crown Prince Mohammed bin Salman.. The amount of total investment being discussed is close to the trade turnover between the two countries over the last five years, which stood at $31.5 billion, according to Reuters. Among the deals being discussed is a low-carbon energy venture between Saudi ACWA Power and…

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