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NEW UPDATES Asean Affairs 11 December 2014  





Pertamina seals $25b in agreements to upgrade, double refinery capacities

State-owned oil and gas giant PT Pertamina sealed on Wednesday partnership agreements with three firms to upgrade and increase the capacities of its five refineries by twofold.

The partnerships involve Saudi Aramco, China's SINOPEC and Japan's JX Nippon Oil & Energy. Under its partnership with Saudi Aramco, the two firms will cooperate to upgrade three refineries, namely Dumai in Riau, Cilacap in Central Java and Balongan in West Java.

Its partnership with SINOPEC involves the upgrade of the Plaju refinery in South Sumatra, while its cooperation with JX Nippon will include works on its Balikpapan refinery in East Kalimantan.

"Today we signed the memoranda of understanding [MoUs] and within the next six months we have to complete the contracts of work [CoWs]. Pertamina will work to boost the economic value of the refineries," Pertamina president director Dwi Soetjipto said after the signing ceremony.

The projects are expected to be completed within four years with total estimated cost of US$25 billion.

Works on the refineries are aimed at increasing the total capacity to process 1.68 million barrels of oil per day (bopd) from the current effective capacity of 820,000 (bopd).



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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

 


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