Pertamina selects Oman's OOG as partner in new project
by ChemOrbis Editorial Team - content@chemorbis.com
According to an official press release, Indonesia’s state-owned company PT Pertamina has chosen Oman’s Overseas Oil & Gas (OOG) as a partner to work on the construction of a new refinery and a petrochemical complex in Bontang, Indonesia.
As part of the framework agreement signed between the two companies, a feasibility study is expected to be conducted for the $10 billion project.
Pertamina plans to reach a final investment decision on the 300,000 barrel/day refinery in mid-2020, and the project is expected to be operational in 2025, according to some sources.
As part of the framework agreement signed between the two companies, a feasibility study is expected to be conducted for the $10 billion project.
Pertamina plans to reach a final investment decision on the 300,000 barrel/day refinery in mid-2020, and the project is expected to be operational in 2025, according to some sources.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PP markets in China, Vietnam hit 3-year lows, readying to test new lows
- African PE, PP markets extend slide into May
- Asian PS, ABS markets at 2½-3-year lows amid Chinese oversupply
- India’s Q1 PVC imports hit record-high; did buyers rush to stock up before expected restrictions?
- LDPE prices move below LLDPE, HDPE on global lethargy
- Slide deepens in Middle Eastern PP, PE markets through May
- Oil prices down for fourth straight week, delicate balance ahead
- European ABS under pressure from aggressive imports, PS holds firm
- Türkiye witnesses plentiful PE offers amid globally weak demand
- India PP, PE markets’ slump extends into third month ahead of monsoon
