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SAUDI'S ARAMCO INTERESTED IN BUILDING OIL REFINERY IN INDONESIA.
JAKARTA, May 3 Asia Pulse - Saudi oil company Aramco is interested in building an oil refinery with a capacity of 400,000 barrels a day in Indonesia in cooperation with Indonesia`s state-owned oil company Pertamina.
Aramco disclosed its intention of building an oil refinery in Indonesia if feasible, deputy managing director of Pertamina Iing Arifin Tahiya told reporters here Tuesday.
The Saudi company stated the desire to initiate cooperation with Pertamina in building a new oil refinery when President Soesilo Bambang Yudhoyono visited Saudi Arabia recently,
Replying to a question about the location of the oil refinery to be built by Aramco, Arifin said it depends on the result of the feasibility study. But he did not rule out the possibility of the new oil refinery in Tuban, East Java, as the expansion of the Balongan oil plant.
The cooperation offered by the Saudi company for the construction of the oil refinery has not been followed by the signing of a MoU, Arifin said. He estimated the cost of building an oil refinery with a capacity of 400,000 barrels/day at ...
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