Indonesia’s Danantara is planning to sign an $8B contract with KBR (KBR) to build 17 modular refineries, Stefanno Sulaiman and Dewi Kurniawati, citing two sources familiar with the matter and an economic ministry presentation. This contract is part of the trade pact made between Indonesia and the U.S., which reduced the threatened U.S. tariff rate to 19% from 32%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBR: