US EditionExclusive-Indonesia plans $8 billion refineries contract with US firm amid tariffs deal, sources say
INDONESIA, JUL 22 – The $8 billion contract for 17 modular refineries is part of a trade deal reducing U.S. tariffs on Indonesian goods from 32% to 19%, boosting Indonesia's GDP by 0.5 points.
- On July 21, Indonesian Economic Minister Airlangga Hartarto disclosed an $8 billion deal with KBR Inc to build 17 modular refineries in Indonesia.
- Last week, Indonesia and the United States agreed to lower threatened U.S. tariffs on Indonesian goods to 19% from 32%.
- The presentation indicated potential deals could total $34 billion, highlighting Danantara’s control over over $900 billion in assets and a $2 billion blue ammonia project in Louisiana.
- Lowered tariffs could boost Indonesia’s GDP by 0.5 points, and President Donald Trump said Indonesia would buy 50 Boeing aircraft.
- Negotiators for Indonesia and the United States will finalize the agreement in coming weeks ahead of an August 1, 2025, higher tariff deadline.
19 Articles
19 Articles
Indonesia deal to cut tariffs, ease critical mineral limits, says US
WASHINGTON, United States — The US tariff deal with Indonesia is set to ease critical mineral export restrictions from the Southeast Asian country to the United States, the White House said Tuesday, as President Donald Trump hailed a “huge win” for companies. The deal was first announced last week. It notably lowered a threatened US tariff
Indonesia Forges $8 Billion Refinery Deal with U.S. Firm
Indonesia prepares to sign an $8-billion contract with U.S. engineering company KBR Inc to help it build 17 modular refineries, as part of the U.S.-Indonesia trade deal, Reuters reported on Tuesday, citing sources with knowledge of the plans and a government presentation it has seen. Last week, Indonesia and the United States reached a trade deal, under which the U.S. tariffs on Indonesian products will be lowered to 19% from an initial levy of…
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