Story perspectives

Saudi Arabia and Indonesia Strike $27 Billion Energy Deal

7/3/2025

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Summary

Story summary

Saudi Arabia and Indonesia inked $27 billion in agreements focusing on oil, petrochemicals, and renewable energy.
Total trade between the nations has reached $31.5 billion over the past five years.
ACWA Power and Danantara are pursuing a $10 billion investment in low-carbon energy.
Indonesia plans to boost crude oil production from 600,000 to 1 million barrels daily by 2030.
The country seeks partnerships to revitalize idle oil wells and will offer 74 new oil and gas blocks.

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Story summary

Saudi Arabia and Indonesia inked $27 billion in agreements focusing on oil, petrochemicals, and renewable energy.
Total trade between the nations has reached $31.5 billion over the past five years.
ACWA Power and Danantara are pursuing a $10 billion investment in low-carbon energy.
Indonesia plans to boost crude oil production from 600,000 to 1 million barrels daily by 2030.
The country seeks partnerships to revitalize idle oil wells and will offer 74 new oil and gas blocks.