Fri, 05 May 2006
May 05 10:46

Saudi Arabia, Kuwait to help build oil refineries in Indonesia

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said on Thursday Pertamina and oil companies from Saudi Arabia and Kuwait will build two oil refineries in Indonesia.

"Pertamina and Saudi Arabia`s Aramco will build a refinery in East Java," he said on board the aircraft taking him and his entourage home from Jordan.

The crude oil to be processed by the refinery would come from Saudi Arabia and the output would be used to meet domestic demand and possibly also exported.

He said Pertamina and a Kuwaiti oil company meanwhile would also build a refinery in an eastern Indnesia region. He declined to mention further details of the location of project in eaatern Indonesia.

Regarding cooperation with Qatar, he said Indonesia plans to import liquefied natural gas from that country as of 2008 to be used by the Iskandar Muda fertilizer plant in Aceh.

The plant is currently facing problems because gas supply from Arun had declined.

The President also said cooperation with the United Arab Emirate would be directed at increasing the capacity of existing refineries in Cilacap, Cirebon and East Kalimantan.

He said Pertamina meanwhile would develop an oil field in Jordan.

President Yudhoyono accompanied by several cabinet ministers including the coordinating minister of the economy, Boediono, visited the Middle East countries in an effort to invite investment from the region. (*)



News Search/Filter
Transaction Rates
24 Aug 17
Buy
Sell
AUD1
10,943.27
10,145.66
BND1
10,180.78
9,444.53
BTC1
54,778,141
54,778,141
CAD1
11,043.44
10,244.68
CHF1
14,334.20
13,298.16
CNH1
2,081.18
1,930.35
DKK1
2,198.00
2,039.02
EUR1
16,349.11
15,163.86
GBP1
17,713.72
16,433.84
HKD1
1,770.66
1,642.75
JPY100
12,691.46
11,774.30
LAK1
1.67
1.55
NOK1
1,760.49
1,632.38
NZD1
9,991.50
9,269.02
PGK1
4,474.84
3,933.32
SEK1
1,718.73
1,593.68
SGD1
10,180.78
9,444.53
THB1
415.66
385.43
USD1
13,854.00
12,854.00
VND1
0.61
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services