Indonesia Energy Corporation Limited
INDOIndonesia Energy Corporation Limited (INDO) is an oil and gas company focused on the exploration, development, and production of hydrocarbon assets primarily in Indonesia. The company operates in the upstream sector, engaging in activities related to the extraction of natural resources, and aims to expand its presence in the energy sector through its asset portfolio.
Company News
Indonesia Energy Corporation will present its development, drilling, and exploration plans at the H.C. Wainwright conference, focusing on its Kruh and Citarum Blocks in Indonesia and potential expansion into Brazil.
The report analyzes the top 10 foreign suppliers of textiles and clothing to the US in 2024, with China remaining the largest supplier. US textile and clothing imports rose in value and volume, with increases in imports of fabrics, made-up textiles, and clothing. However, the average price of imports fell to a record low.
Asian bonds saw foreign inflows for the second consecutive month in June, driven by expectations of a Federal Reserve rate cut amid easing inflation and cooling labor market conditions. Overseas investors acquired a net $3.05 billion worth of bonds in Indonesia, India, Malaysia, South Korea, and Thailand.
Environmental permits granted at Citarum Block, where natural gas reserves could potentially exceed a billion barrels of oil equivalent
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