Oman to build refinery, petrochemical plant in Indonesia
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Oman is poised to build oil storage facilities, a petrochemical plant and a refinery in Indonesia. The estimated investment value was reported at $7 billion.
Indonesia’s Energy Minister Sudirman Said reportedly said that they were now in the process of issuing the permits and that construction is expected to start next year. The new refinery will be built in Riau province in Indonesia and the refinery’s oil products will be sold to state owned refiner Pertamina, which has refining capacity of 1 million barrels per day (bpd). The company is planning to increase its capacity to 2.3 million bpd.
Oman reportedly will also supply crude oil to Indonesia, however no details as to the amount or price were given.
Indonesia’s Energy Minister Sudirman Said reportedly said that they were now in the process of issuing the permits and that construction is expected to start next year. The new refinery will be built in Riau province in Indonesia and the refinery’s oil products will be sold to state owned refiner Pertamina, which has refining capacity of 1 million barrels per day (bpd). The company is planning to increase its capacity to 2.3 million bpd.
Oman reportedly will also supply crude oil to Indonesia, however no details as to the amount or price were given.
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