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Jakarta Post
The Jakarta Post
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Medco to invest $400 million in Libya

  • The Jakarta Post

Jakarta | Thu, March 11 2010 | 10:43 am

PREMIUM Publicly listed PT Medco Energi International will invest as much as US$400 million in an oil facility in Libya, the president commissioner Hilmi Panigoro told reporters Wednesday.Hilmi said the facility required a total investment of $800 million, but Medco will team up with Libyan Investment Authority (LIA).“[The investment] will be shared 50:50 with Libya,” Hilmi said. He added the project ...