Indonesia back on the map of Shell's investment portfolio

Royal Dutch Shell’s Chief Executive Officer Peter Voser said Indonesia is now a target for his company’s investment portfolio in both the upstream and downstream hydrocarbon sectors. “We have been in talks with state oil company Pertamina and the government, offering them our technology and experiences to develop energy projects such as floating LNG plant,” Voser told The Jakarta Post. He said Asia is a key for the future growth of its downstream market, and Indonesia, as the country with the third largest population in Asia, will play an important role in its investment portfolio. Therefore, while the oil giant plans to sell up to 9,000 gasoline stations in mature markets in a continued cost-cutting program, it will further expand its retail network in Indonesia, Voser said. (March 18, 2010)