E. Java to have tanker port<\/p>\n
JAKARTA (JP): Prominent businessman Probosutedjo plans to
\nconstruct an oil tanker port at the northern coastal area of
\nGending in Probolinggo, East Java, a report said.<\/p>\n
\"The planned port will be designed to accommodate large-scale
\ntankers carrying processed oil and fuel from an oil refinery
\nwhich will be built by PT Buana Ganda Perkasa,\" Probosutedjo was
\nquoted by Antara news agency as saying in Probolinggo yesterday.<\/p>\n
The planned refinery is one of six export-oriented oil
\nrefinery projects, whose licenses were approved by the Investment
\nCoordinating Board last year.<\/p>\n
Probosutedjo did not elaborate on details of the investment
\nfor the port, but said that the combined investments of the
\nrefinery and port will reach about US$3.5 billion.<\/p>\n
The planned port, to be located on a 100-hectare mangrove area
\nin the Gending district, is expected to start operating by 1998
\nto support the shipment of oil products from the refinery, which
\nis also expected to be on stream in the same year, he said.<\/p>\n
The refinery, which will get financial support from investors
\nin the United States, Canada, Saudi Arabia and Hong Kong, will
\nhave a processing capacity of 300,000 barrels of crude oil per
\nday, he said.<\/p>\n
It will produce kerosene, automotive diesel oil, industrial
\ndiesel oil, aviation gas, propylene and gasoline, he added. (fhp)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/e-java-to-have-tanker-port-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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