Indonesia, Exxon to explore petrochemical project investment – statement

JAKARTA (Reuters) – Indonesia’s Coordinating Ministry for Maritime and Investment Affairs has signed an initial agreement with Exxon Mobil to explore potential investment in a petrochemical project in the country, the ministry said in a statement.

The potential project is expected to produce polymer and may utilise carbon storage facility Exxon is currently reviewing with state oil company Pertamina, it added.

(Reporting by Fransiska Nangoy)