Investors from Dubai, United Arab Emirates (UAE), are interested in\nreturning to invest in Central Java Province, specifically for the\ndevelopment of a \u2018mini refinery\u2019 to process oil in the Jepara Regency,\nwith an investment value reaching Rp5 trillion.<\/p>\n
\u201cThey (Dubai investors) are interested in investing in a mini\nrefinery in the Jepara area,\u201d stated the Governor of Central Java, Ahmad\nLuthfi, in a statement in Semarang, Central Java, on Wednesday.<\/p>\n
This interest emerged following a meeting between the Governor of\nCentral Java and potential investors from Dubai during activities in\nJakarta. According to him, the investment is expected to be realised by\nthe end of 2026, following the signing of a cooperation agreement.<\/p>\n
Based on the presentation by the potential investors, he explained\nthat the \u2018mini refinery\u2019 to be built will be capable of processing crude\noil. He expressed hope that the realisation of this investment would\nmaterialise to strengthen energy supply within the Central Java\nregion.<\/p>\n
The United Arab Emirates is recorded as one of the key investor\nnations in Central Java, with investment value from UAE investors in the\nprovince reaching Rp13 trillion over the last five years.<\/p>\n
\u201cThat is Central Java; even in an uncertain global climate, Central\nJava remains an investment destination, including for Dubai, who visited\ntoday,\u201d he said.<\/p>\n
Representing the Dubai investors, Talal Ourfali stated that the\ninvestment plan was formulated after observing Indonesia\u2019s potential,\nparticularly the strong prospects in Central Java, including the\npotential for \u2018mini refinery\u2019 development for crude oil processing.<\/p>\n
He acknowledged that Indonesia still lacks sufficient \u2018mini\nrefineries\u2019 despite having great potential. Consequently, his group\nplans to build a \u2018mini refinery\u2019 with an initial capacity of 10,000\nbarrels per day, with a target to eventually reach 30,000 barrels per\nday.<\/p>\n
Regarding the location, he noted it would be in the Jepara Regency,\nwith work intended to commence before the end of the year, involving an\ninvestment value of approximately 200 million US dollars or Rp5\ntrillion.<\/p>\n
In addition to meeting the Dubai investors, Governor Ahmad Luthfi\nalso met with the Honorary Consul of the Republic of Indonesia in\nGda\u0144sk, Poland, Miros\u0142aw Wawrowski. The meeting discussed strengthening\ncultural and tourism diplomacy between Central Java, Indonesia, and\nPoland.<\/p>\n
One of the discussion points was the plan to develop a \u2018Little\nIndonesia\u2019 in Dolina Charlotty. As a Balinese cultural complex has\nalready been established there, the next step involves building a\nJavanese cultural complex.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/central-java-becomes-target-for-dubai-based-mini-refinery-investment-project-1789564098", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }