Danantara poised to ink $8 B deal with U.S. firm KBR for modular refineries

State-owned investment holding Danantara is reportedly preparing to sign a massive $8 billion engineering, procurement, and construction (EPC) contract with U.S.-based engineering firm KBR Inc. to build 17 modular oil refineries across Indonesia, according to internal documents from the Coordinating Ministry for the Economy and sources with direct knowledge of the plan.