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Indonesia's Pertamina eyes Rosneft refinery deal by year end -official
September 5, 2017 / 7:01 AM / 3 months ago

Indonesia's Pertamina eyes Rosneft refinery deal by year end -official

JAKARTA (Reuters) - Indonesian state-owned energy company Pertamina [PERTM.UL] is aiming to sign a joint venture deal with Russian oil giant Rosneft (ROSN.MM) for the development of a new greenfield refinery in Tuban, East Java, by the end of this year, a company official said on Tuesday.

PT Pertamina workers as seen during the process of loading and unloading fuel at a fuel terminal in Pematang Siantar, Indonesia North Sumatra province, October 6, 2016, in this picture taken by Antara Foto. Antara Foto/Irsan Mulyadi/via REUTERS

The project would be 45 percent owned by Rosneft and 55 percent owned by Pertamina, Pertamina Finance Director Arief Budiman told reporters.

Reporting by Wilda Asmarini; Writing by Fergus Jensen

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