Danatara to sign $8B contract with KBR for modular refineries, Reuters reports

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%.