Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco

Reuters

JAKARTA, Oct 3 (Reuters) – Indonesian state energy company Pertamina expects to sign a joint venture agreement with Russian oil major Rosneft for the Tuban oil refinery development project, a company official said.

The official, who declined to be named because he was not authorised to speak to the media, said the venture agreement was expected to be signed on Monday and would include an agreement on two producing oil and gas blocks in Russia.

An announcement on the matter was expected on Tuesday.

Pertamina also expects to form a joint venture with Saudi Aramco for the Cilacap refinery upgrade project in December, the official said. A decision on whether to go ahead with Aramco on the Balongan and Dumai refinery upgrades will be made in the coming months, the official said.

(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Christian Schmollinger)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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