JAKARTA -- Indonesian state oil company Pertamina on Friday announced the renewal of a contract for the development of an oil field in Algeria with Algerian and Spanish partners -- which includes an investment plan of more than $800 million.
Commodities
Pertamina and partners to invest $800m in Algerian oil field
Indonesian state-owned company extends contract with Sonatrach, Repsol
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)
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