Indonesia’s Sugih Energy to divest overseas trading arm

Indonesia’s Sugih Energy to divest overseas trading arm

Photo by khunaspix. Image ID: 100301036 (freedigitalphotos.net)

Indonesian oil and gas exploration firm PT Sugih Energy Tbk (SUGI) is planning to divest from its  subsidiary Sugih Energy International Pte Ltd. The transaction is hoped to be closed this year, according to president director Riyanto Soewarno.

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