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Home  >>   Daily News  >>Indonesia>>Investment>>Indonesia invites Iran to invest in refinery business
NEWS UPDATES Asean Affairs     November 30,  2016  







Indonesia invites Iran to invest in refinery business

The government has called on Iran to invest in Indonesia’s oil refinery projects as the oil-rich country can supply local refineries from its reserves.

"We have asked [Iran] to invest either in Bontang refinery [in East Kalimantan] with [state-owned oil and gas firm] Pertamina or establish its own refinery as we already allow 100 percent [foreign] ownership in the business," Energy and Mineral Resources Ministry director general for oil and gas IGN Wiratmaja Puja said on Monday.

The request, Wiratmaja said, had been conveyed last week to a visiting Iranian delegation led by Communications and Information Technology Minister Mahmoud Vaezi.

Wiratmaja added that Indonesia currently bought liquefied petroleum gas (LPG) from Iran and was also planning to buy crude oil from there as well.

"Should Iran invest in refineries here, it can supply the refineries with its crude oil," he said.

Previously, the government successfully invited Saudi Arabia’s Aramco to invest in the Cilacap refinery revitalization project in Central Java. After the plant begins its operations in 2022, Aramco will supply most of its crude oil.



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Today's  Stories                           November  30, 2016 Subsribe Now !
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ASEAN NEWS UPDATES      Updated: 04 January 2011

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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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