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U.S., Indonesian firms ink 10-bln-USD deals in energy, defense

Xinhua, April 21, 2017 Adjust font size:

U.S. and Indonesian companies signed agreements with a total value of more than 10 billion U.S. dollars in energy and defense sectors on Friday.

U.S. Vice President Mike Pence and his Indonesian counterpart Jusuf Kalla witnessed the signing at the Sangrilla Hotel here.

"Those agreements represent the tremendous excitement that the U.S. firms feel about opportunity (to invest) in Indonesia," said Pence.

The agreements include ExxonMobil providing liquid natural gas (LNG) to Indonesia's state oil and gas firm PT Pertamina, Pacific Infra Capital selling turboprop engines to Indonesia's state-owned electricity firm PT Perusahaan Listrik Negara, Lockheed Martin providing advanced weapons for Indonesia's F-16 jet fighters.

"The total of investment is about 10 billion U.S. dollars," Rosan Roeslani, chairman of Indonesian Chamber of Commerce and Industry, said after the signing.

Pence ended his two-day visit in Indonesia on Friday and continued his tour to Australia. Enditem