Indonesia, July 20 -- Indonesia's Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia stated that Italian energy company Eni is set to invest US$10 billion, or approximately Rp150 trillion, in East Kalimantan Province.

Eni, headquartered in Rome and established in 1953, operates in the fields of oil, natural gas, and petrochemicals. It is one of Europe's largest oil companies, with operations in over 70 countries.

The company, which specializes in the exploration, production, and development of hydrocarbons both onshore and offshore, will invest US$10 billion in East Kalimantan and plans to begin production in 2027, Lahadalia said here on Saturday (July 19).

"Eni's planned investment in East Kalimantan is for the developme...