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11 December 2014. PT Pertamina is in talks with Tokyo-based JX Nippon Oil & Energy Corp. to refurbish its Balikpapan refinery and may turn the plant into a joint venture, according to a statement yesterday. Saudi Aramco Oil Co., the country’s largest crude supplier, may revamp three other domestic plants and China Petroleum & Chemical Corp. also signed a memorandum of understanding.

BLOOMBERG

http://www.bloomberg.com/news/2014-12-10/indonesia-looks-overseas-in-25-billion-refinery-overhaul.html

 

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