Latest news with #Gresik
Bloomberg
12-06-2025
- Business
- Bloomberg
Indonesia Plans to Start Building $80-Billion Giant Sea Wall
Takeaways NEW Indonesia will begin the construction of a giant sea wall that will stretch hundreds of kilometers along the nation's main Java island to prevent flooding and coastal erosion, President Prabowo Subianto said. The sea wall is estimated to cost $80 billion and take about 20 years to build, Prabowo said in a speech to investors at the International Conference on Infrastructure in Jakarta on Thursday. It will span at least 500 kilometers from the island's westernmost city of Banten to the Gresik regency in East Java.
Reuters
23-05-2025
- Business
- Reuters
Shell Indonesia to transfer gas station business to Citadel and Sefas JV
JAKARTA, May 23 (Reuters) - Shell Indonesia has agreed to transfer its gas station business in the country to a joint venture between Citadel Pacific Limited and Sefas Group, the company said on Friday. The deal is expected to be completed by next year, Shell said in a statement, adding that the transfer does not include its lubricant business. Shell has around 200 gas stations in Indonesia and a terminal in Gresik.
