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Benzinga
Benzinga
Business
Akanksha Bakshi

Is KBR About To Land An $8 Billion Indonesia Deal?

KBR Indonesia Airlangga Hartarto Danantara NYSE United States Boeing
Refinery,Plant,Equipment,For,Pump,Pipeline,Oil,And,Gas,Valves

Indonesian Economic Minister Airlangga Hartarto reportedly told business leaders during a closed-door briefing on Monday that sovereign wealth fund Danantara plans to finalize an $8 billion engineering, procurement, and construction agreement with KBR Inc. (NYSE:KBR) to build 17 modular refineries.

According to Reuters, the refinery contract was detailed in an official Indonesian economic ministry presentation reviewed by the outlet and confirmed by two sources familiar with the matter.

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