Indonesia, S Korea cooperate
Indonesia and South Korea agreed to enhance economic cooperation during a summit here today between their leaders, with huge energy deals soon to be sealed, officials said.
By Agencies |
SEOUL: Indonesia and South Korea agreed to enhance economic cooperation during a summit here today between their leaders, with huge energy deals soon to be sealed, officials said.
Indonesian President Susilo Bambang Yudhoyono hoped to win access to South Korea's energy and IT sector expertise during the summit, President Roh Moo-Hyun's office said in a statement.
Roh in turn hoped to boost mutual cooperation in nuclear energy and defence during the talks with Yudhoyono, who is on a four-day state visit here until Thursday, it added.
Yudhoyono will witness the signing of 14 agreements covering government administration, energy, special industrial zones and transport infrastructure, his cabinet secretary Sudi Silalahi said earlier.
"The highest value is in the energy sector, that is $ 8.5 billion," Silalahi said in Seoul.
The two sides are scheduled to sign eight energy deals at a forum in Seoul tomorrow, South Korea's ministry of commerce, industry and energy said.
The biggest of the deals, all of which are at a preliminary stage, is a $ 5.5 billion direct coal liquefaction project in Indonesia's East Kalimantan province on Borneo island.
The project to extract crude oil from coal involves Indonesia's Nuansa Cipta Coal Investment and South Korea's Kenertec, POSCO Engineering and Construction and Samsung Securities, according to Jakarta officials. The two leaders signed a joint declaration on a strategic partnership during Roh's visit to Jakarta last December.
Indonesian President Susilo Bambang Yudhoyono hoped to win access to South Korea's energy and IT sector expertise during the summit, President Roh Moo-Hyun's office said in a statement.
Roh in turn hoped to boost mutual cooperation in nuclear energy and defence during the talks with Yudhoyono, who is on a four-day state visit here until Thursday, it added.
Yudhoyono will witness the signing of 14 agreements covering government administration, energy, special industrial zones and transport infrastructure, his cabinet secretary Sudi Silalahi said earlier.
"The highest value is in the energy sector, that is $ 8.5 billion," Silalahi said in Seoul.
The two sides are scheduled to sign eight energy deals at a forum in Seoul tomorrow, South Korea's ministry of commerce, industry and energy said.
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The biggest of the deals, all of which are at a preliminary stage, is a $ 5.5 billion direct coal liquefaction project in Indonesia's East Kalimantan province on Borneo island.
The project to extract crude oil from coal involves Indonesia's Nuansa Cipta Coal Investment and South Korea's Kenertec, POSCO Engineering and Construction and Samsung Securities, according to Jakarta officials. The two leaders signed a joint declaration on a strategic partnership during Roh's visit to Jakarta last December.
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