Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery



Reuters

JAKARTA, Nov 28 (Reuters) - Indonesian energy company PT Pertamina and Russia's Rosneft Oil Co have signed a joint venture agreement to develop a new refinery in Tuban in East Java, Pertamina said in a statement on Tuesday.

The joint venture, in which Pertamina will have a majority stake, will invest $15 billion to build a refinery and petrochemical plant with a production capacity of 300,000 barrels per day, the statement said.

(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; editing by Richard Pullin)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES