REPYY sells its stake in Indonesia's Corridor Block to Medco for $425 million, sharpening the focus on high-return regions and realigning the global portfolio.

Spanish energy company Repsol said on Thursday it has agreed to sell a 24% stake in Indonesia's Corridor Block gas operation to Jakarta-listed Medco Energi for $425 million.

Earlier this year, Spanish energy company Repsol announced it was investing more than €800 million in a project to produce renewable and circular methanol from waste through gasification in Tarragona.