Firm to build oil refinery<\/p>\n
JAKARTA (JP): PT Asia Pasifik Petroleum Indonesia, a British-
\nIndonesian joint venture led by businessman Bambang Trihatmodjo,
\nwill start construction of an oil refinery in East Java in 1997.<\/p>\n
Company president Soedradjat P.K., after meeting with East
\nJava Governor Basofi Soedirman in Surabaya Tuesday, said that the
\nrefinery will be built on a 600-hectare plot in Situbondo with an
\ninvestment of US$1.5 billion. It will be capable of producing
\n150,00 barrels per day (bpd).<\/p>\n
\"We hope the refinery will start operating early in 2000,\" he
\nwas quoted by Antara as saying, adding that it will produce
\ngasoline, kerosene, diesel oil and liquefied petroleum gas.<\/p>\n
He said that British Virgin Island will own the majority of
\nshares and businessmen Bambang Trihatmodjo, Bambang Yoga Sugomo,
\nYohannes Kotjo and Wisnu Suhardono will have minority stakes.<\/p>\n
The planned refinery will be the second to be established by
\nthe private sector in East Java. A refinery with a processing
\ncapacity of 300,000 bpd is to be built by business tycoon
\nProbosutedjo in Probolinggo with an investment of more than $3
\nbillion.(riz)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/firm-to-build-oil-refinery-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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