Malaysian co to jointly develop petroleum city in Indonesia

Seremban, Malaysia (ANTARA News/Asia Pulse) - ..." /> Malaysian co to jointly develop petroleum city in Indonesia

Seremban, Malaysia (ANTARA News/Asia Pulse) - ...">
Malaysian co to jointly develop petroleum city in Indonesia

Seremban, Malaysia (ANTARA News/Asia Pulse) - The Al-Aidid Petro Corporation Sdn Bhd (APCSB), is set to undertake the development of an integrated petroleum city on Breueh Island in northern Aceh, Indonesia.

The company is a special purpose vehicle set up by three companies, namely Aceh World Trade Centre (AWTC) from Indonesia and Malaysian companies Khairi & Zakri Holdings and Al-Aidid (M) Sdn Bhd.

An agreement for the joint development of the city was signed last Monday by APCSP with Sabang Freeport and Free Trade Zone (BPKSS) a shareholder of the Aceh province and the ruler of Aceh province, APCSB's president, Mohammad Aidid Zakaria said.

BPKS would provide a 1,200-hectare piece of land needed for the development of water, oil and gas facilities on Breueh Island.
<span style="font-size: 14pt"><span style="font-weight: bold">Malaysian co to jointly develop petroleum city in Indonesia</span></span><br /> <br /> Seremban, Malaysia (ANTARA News/Asia Pulse) - The Al-Aidid Petro Corporation Sdn Bhd (APCSB), is set to undertake the development of an integrated petroleum city on Breueh Island in northern Aceh, Indonesia.<br /> <br /> The company is a special purpose vehicle set up by three companies, namely Aceh World Trade Centre (AWTC) from Indonesia and Malaysian companies Khairi &amp; Zakri Holdings and Al-Aidid (M) Sdn Bhd.<br /> <br /> An agreement for the joint development of the city was signed last Monday by APCSP with Sabang Freeport and Free Trade Zone (BPKSS) a shareholder of the Aceh province and the ruler of Aceh province, APCSB's president, Mohammad Aidid Zakaria said.<br /> <br /> BPKS would provide a 1,200-hectare piece of land needed for the development of water, oil and gas facilities on Breueh Island.<br />
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