Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Energy>>Pertamina, Aramco to meet on refinery project next week

NEWS UPDATES Asean Affairs   October 30, 2018  







Pertamina, Aramco to meet on refinery project next week

State-owned oil and gas holding company Pertamina president director Nicke Widyawati has said the company will continue its negotiations with the management of Saudi Aramco on the fate of the revitalization of oil refinery facilities in Cilacap, Central Java.

“Next week, we will meet with the management of Saudi Aramco,” Nicke said on the sidelines of a state-owned enterprises (SOEs) coordination meeting in Bontang, East Kalimantan, on Sunday.

She said the revitalization of the largest oil refinery facilities in Indonesia would enter the front-end engineering design (FEED) stage that would take about six months before the project entered the engineering, procurement and construction (EPC) stage.

“The tender is expected to be held next year,” Nicke said as quoted by kompas.com.

Previously, Saudi Aramco pledged to invest US$6 billion in the revitalization of the refinery facilities. However, the company set several requirements for the investment, including incentives from the government, tax holidays and the handover of assets to its subsidiary in Indonesia.

Pertamina and Saudi Aramco signed heads of agreement (HOA) in November 2015 for the Refinery Development Master Plan (RDMP) project. After the revitalization, the production capacity is expected to increase to 400,000 barrels per day with a fuel product that meets Euro V requirements.

The other products include basic petrochemicals and Group II Base Oil for lubricants


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                      October 30, 2018 
• Pertamina, Aramco to meet on refinery project next week
• Stimulating local financing soon Subcribe: Asean Affairs Global Magazine
• Telkom revenue up, but profit down Subsribe Now !
• DOF: China is PHL's biggest trading partner 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• PAN Group locks foreign ownership limit at 49% 
Asean Stock Watch   October 29,  2018

• Asean Stock Watch-October 29, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com