Indonesia says Exxon will invest $15bn in carbon storage

Oil heavyweight plans to work with state-owned Pertamina

20241206N Indonesia

Indonesia, rich in oil and natural gas, seeks to turn carbon storage into a major industry.  © Reuters

TOMOYOSHI OSHIKIRI, Nikkei staff writer

JAKARTA -- U.S. oil giant ExxonMobil has promised to invest up to $15 billion to develop carbon storage facilities in Indonesia, the country's investment minister said.

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