Indonesia courts Saudi Aramco

JAKARTA , March 7, 2017 – The Indonesian government has offered Saudi Aramco additional refinery investment opportunities, local media wrote on Tuesday.

The Saudi major will be offered the chance to pour money into facilities in Riau, West Java and East Kalimantan.

Pertamina and Saudi Aramco are already under a joint venture agreement for work on the Cilacap refinery in Central Java, which is expected to result in an investment of around USD 6 billion.

Talking to Tribune News, the director general of the ministry of industry’s chemical industry and textiles branch, Achmad Sigit Dwiwahjono, said the government was working to attract between USD 3 billion and USD 4 billion in Saudi investment for the Indonesian chemicals industry.

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