PT Pertamina and Rosneft, an oil and gas company owned by Russia, agreed to deposit funds of 200 million US dollars or around Rp. 2.6 trillion each for the joint venture formed by the two companies.
The joint venture of Pertamina (55 percent) and Rosneft (45 percent) will build a new refinery in Tuban, East Java, with a capacity of 300,000 barrels per day. "On October 5, we agreed to sign a joint venture agreement to realize the Tuban refinery project," said Director of the Processing and Petrochemical Megaproject Rachmad Hardadi.
Kompas, Page-18, Monday, Oct 31, 2016
No comments:
Post a Comment