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Saudi Aramco unit signs MOU with Pertamina for integrated complex in Indonesia

February 24/2012

(chemicals-technology) --Saudi Aramco Asia Company (SAAC) has entered into a memorandum of understanding (MOU) with PT Pertamina to assess the economic feasibility to build an integrated refining and petrochemical project at Tuban, East Java, Indonesia.

The proposed refinery and petrochemicals project is designed to produce 300,000 barrels per day of crude oil, of which the majority will be supplied by Aramco under a long-term contract.
The proposed plant will also produce refined petroleum and petrochemicals products to meet rising demand in Indonesia and other countries in South-East Asia.

SAAC, a subsidiary of Saudi Aramco, has various business and support services for many of the latter"s business operations in the Asian region, while PT Pertamina is involved in exploration and production of oil and gas; the refining, manufacturing and marketing of oil products and petrochemicals; and the development of biofuels, geothermal power and other sustainable alternative energy sources.

Author:Anna Larionova
Category:General News
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