Pertamina shortlists for Tuban refinery

JAKARTA , February 26, 2016 – Indonesia’s state-owned oil company Pertamina has presented the shortlist of companies vying to take on the 300,000-bpd Tuban refinery project on East Java. On Friday, the company’s director for refining, Rahmat Hardadi, said Rosneft, Saudi Aramco, Kuwait Petroleum International, Sinopec and a Thai consortium comprising PTT Global Chemical Public Company and Thai Oil are the candidates in for the ongoing selection process.

The Tuban project is part of a drive on the part of Pertamina kick-start the construction of refineries in Indonesia, projects which in recent years have often fallen through. In 2013, the country halted talks with Saudi Aramco and Kuwait Petroleum for two greenfield refineries over disagreements. No new refinery has been built in Indonesia since 1994.

Pertamina, which operates six refineries in Indonesia, expects to announce the selected company for the Tuban refinery next week. According to the Jakarta Post, the Indonesian government hopes to secure investment for additional refineries in Kalimantan and Aceh.

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