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Saudi Aramco reaffirms commitment to Pertamina JV as CEOs meet
July 7, 2017 / 10:11 AM / 5 months ago

Saudi Aramco reaffirms commitment to Pertamina JV as CEOs meet

KHOBAR, Saudi Arabia (Reuters) - Saudi Aramco IPO-ARMO.SE CEO Amin Nasser met Pertamina [PERTM.UL] boss Elia Massa Manik in Jakarta on Friday to reaffirm its commitment to their Cilacap Refinery joint development.

Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed

The meeting was held “to reaffirm Aramco’s commitment to Indonesia joint venture project development”, Aramco said on its official Twitter account, without providing further details.

Manik, formerly head of state-owned agriculture holding company PT Perkebunan Nusantara (PTPN) III, was appointed boss of Pertamina in March.

In June, Pertamina said it was awaiting approval from Saudi Aramco to delay completion of a $5 billion (3.87 billion pounds) upgrade of the Cilacap Refinery in Central Java to 2023 from 2021.

The upgrade will increase capacity to 400,000 from 348,000 barrels per day.

Reporting by Reem Shamseddine; additional reporting by Fergus Jensen in Jakarta; editing by Jason Neely

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