The British oil giant approved plans to expand the facility in the troubled Indonesian province of West Papua at a meeting with President Prabowo Subianto.

BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia's easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources.

BP (NYSE:BP) and its partners announced a final investment decision Thursday on the $7B Tangguh natural gas project in Indonesia that will eventually use carbon capture, utilization and storage in the production process,

Indonesia's government has considered Apple's increased offer of $100 million of investment in the country, but reportedly wants more before it will lift its ban on the iPhone 16 range.

Apple has offered $100 million to Indonesia as part of an effort to lift a recent ban of the iPhone 16 in the country, as reported by The Wall Street Journal. The company has presented an investment plan that would use that $100 million to set up a manufacturing plant in the nation.

The Indonesian government expects Apple to invest more than $100 million into the country if it wants to sell its iPhone 16 in the growing market.