Indonesia’s state-owned oil company, Pertamina, announced on June 21 that it will invest 6.2 billion USD over the next five years to expand its renewable energy development.

Indonesia's state-owned oil company, Pertamina, has recently launched its first underground carbon injection tests, as the state energy firm is exerting efforts to cut carbon emissions and increase oil output.

Indonesia and Russia are set to work together on several projects, including a refinery project worth 16 billion USD, according to The Straits Times.