VIVAnews - Malaysian investor will construct an oil bunker in Sabang area, Nanggroe Aceh Darussalam (NAD).
"There has been a deal between Sabang Management Agency and the investor on 7 April 2009," said Governor of Nanggroe Aceh Darussalam Irwandi Yusuf in Jakarta in Tuesday, May 19.
As for the oil bunker construction, the investor has contributed Rp 70 trillion (US$6.84 billion) attached in a 20-year production sharing contract. The fund will equals the Aceh regional budget for eleven years.
The agreement also states that the investor will compensate with 65 percent of shares.
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Translated by: Ariyantri E. Tarman
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27 April 2024
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