Rabu, 16 November 2016

PERTAMINA PURSUE AGREEMENT WITH SAUDI ARAMCO TO CILACAP REFINERY




[CATEGORY: OIL AND GAS]

PT Pertamina (Persero) will pursue the agreement of Cilacap refinery revitalization project in Central Java before the end of head of agreement (HoA) with Saudi Aramco on November 26, 2016. Saudi Aramco is committed has its share of 45% in the joint venture company which will be formed two companies. Pertamina is targeting the signing of a joint venture with Saudi Aramco can be done the end of 2016. In addition to funding, Saudi Aramco will also be plenty reliable Pertamina in terms of supply of crude oil. The Cilacap refinery development expected to be completed and operational in 2022.


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