US, Indonesian Firms Ink US$10 Billion Deals In Energy, Defence

JAKARTA, April 21 (Bernama) -- US and Indonesian companies signed agreements with a total value of more than US$10 billion in energy and defence sectors on Friday, China s Xinhua news agency reported.

US 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 US 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 US$10 billion," 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.