(Teheran, 12/3) – Indonesian Government and Iran has agreed to realize oil mill development in Banten with 300 thousands barrel production capacity each day.
President Susilo Bambang Yudhoyono told the reporters at press conference in Saad Abad Palace, Teheran, on Tuesday night.
PT Pertamina (shareholder), Oil Refining Industries Developing Company (ORIDC) and Petrofield Refining Company Ltd (Malaysia) involved in cooperation. “The Stock shared 40 percent on Pertamina, 40 percent on Iran and 20 percent on Malaysia,” he said.
President Yudhoyono hoped with the new oil mill worth 6 billion US $ would risen domestic fuel stock. In addition to lowering price from the domestic processing. He said that energy sector collaboration especially oil and gas indeed became main focus of both countries. He also explained Pertamina had followed oil exploitation tender in Iran.
Except the oil mill development agreement, both countries have compromised deal between PT Pusri and one factory in Iran to build Petrochemical factory strived for keeping fertilizer stock.
Moreover, President explained the importance of choosing company partner which committed in giving advantage to society, not like mining projects in the past which less advantageous to public. It is mentioned even if Iran was struck by embargo in many aspects; the collaboration however would be safely guaranteed. (Ant/Nurseffi/Trans.Lala)
President Susilo Bambang Yudhoyono told the reporters at press conference in Saad Abad Palace, Teheran, on Tuesday night.
PT Pertamina (shareholder), Oil Refining Industries Developing Company (ORIDC) and Petrofield Refining Company Ltd (Malaysia) involved in cooperation. “The Stock shared 40 percent on Pertamina, 40 percent on Iran and 20 percent on Malaysia,” he said.
President Yudhoyono hoped with the new oil mill worth 6 billion US $ would risen domestic fuel stock. In addition to lowering price from the domestic processing. He said that energy sector collaboration especially oil and gas indeed became main focus of both countries. He also explained Pertamina had followed oil exploitation tender in Iran.
Except the oil mill development agreement, both countries have compromised deal between PT Pusri and one factory in Iran to build Petrochemical factory strived for keeping fertilizer stock.
Moreover, President explained the importance of choosing company partner which committed in giving advantage to society, not like mining projects in the past which less advantageous to public. It is mentioned even if Iran was struck by embargo in many aspects; the collaboration however would be safely guaranteed. (Ant/Nurseffi/Trans.Lala)
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