Indonesia courts Saudi Aramco

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.

Recent Posts

Azule Energy and Rhino Resources announce farm-in agreement

Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in the offshore Namibian Orange… Read More

1 hour ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

5 hours ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

15 hours ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

22 hours ago

SLB OneSubsea, Subsea7 sign long-term deal with Equinor

SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More

22 hours ago

Presight AI takes 49% stake in ADNOC energy AI player

Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More

23 hours ago

This website uses cookies.