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Aramco and Pertamina Sign MOU for Refinery and Petchems Complex in Indonesia

2:26 AM MST | February 20, 2012 | Natasha Alperowicz

Saudi Aramco says it has signed a memorandum of understanding (MOU) with Indonesia’s state oil and gas company PT Pertamina (Jakarta) to jointly evaluate the economic feasibility of an integrated refining and petrochemical project at Tuban, East Java, Indonesia. The proposed refinery and petchems project will be designed to process 300,000 bbl/day of crude oil, with the majority to be supplied by Aramco under a long-term contract, and will produce refined petroleum and petrochemicals products to meet rising demand in Indonesia and other countries in...

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