Petronas to refine RI crude<\/p>\n
SINGAPORE (Dow Jones): Malaysian state-owned oil and gas
\ncompany Petroliam Nasional Bhd. (P.PET), or Petronas, will begin
\nprocessing crude for Indonesia's Pertamina in early December, a
\nsource close said.<\/p>\n
Petronas announced in October that it had signed a
\nconfirmation of intent with Pertamina, to process 20,000 barrels
\na day of sour crude through its Malacca II refinery for six
\nmonths beginning in November.<\/p>\n
However, a final agreement has not been signed, a Pertamina
\nofficial said.<\/p>\n
\"We are still in discussion - it is not finalized yet,\" the
\nofficial said.<\/p>\n
According to the agreement, Petronas also has an option to
\nprovide sea transportation for the crude to the refinery,
\nPetronas said in its statement.<\/p>\n
The crude for the processing deal will be sourced from Iran,
\nthe source said.<\/p>\n
The Pertamina official confirmed that crude for the deal would
\ncome from the Middle East, but declined to provide further
\ndetails.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/petronas-to-refine-ri-crude-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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