Pipe network supplier PT Citra Tubindo Tbk (CTBN) allocates capital expenditure (capex) of US$3 million for 2018 following the recovery in the upstream oil and gas industry. The Company only allocates US$0.85 million capex for this year. CTBN targets to book revenues of US$100 million this year, lower than US$133.66 million revenues last year, due to weaker business amid lower oil prices. Profit is targeted to reach US$3.74 million.