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PT Medco Energi Internasional is expanding operations in Southeast Asia and the Middle East due to rising energy demand, especially from data centers. The company acquired the Sakakemang and South Sakakemang blocks in Sumatra and increased ownership in the Corridor gas block to 70% for $425 million.

Medco aims for 170,000 BOEPD production by 2026. It has reduced CO2 emissions by 20% in five years while doubling production. The firm is collaborating with Pertamina to restart its ethanol plant, supporting Indonesia's biofuels initiative that requires 1.4 million kilolitres of bioethanol for blending with gasoline.