In
a
press
statement
released
on
Tuesday,
Toyo
said
IKPT
was
valued
at
5.5
billion
rupiah
($600,000)
but
did
not
unveil
the
acquisition
cost
for
its
47%
interest
in
the
Indonesian
outfit.
Toyo
is
eyeing
a
share
of
accelerated
infrastructure
development
in
Indonesia.
The
economy
of
the
world’s
fourth-most
populated
country
was
growing
at
over
6%
in
2010
and
2011
and
remained
relatively
unscathed
by
the
recent
global
slowdown,
the
Japanese
company
said.
Tendering
activity
in
Indonesia’s
upstream
oil
and
gas
sector
is
ramping
up,
with
mega-projects
like
Chevron’s…
