Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • PT Pertamina and Saudi Aramco Ink HoA for Refinery Upgrading Project in Indonesia
    édité le 26/11/2015 - Plus de news de "ARAMCO" - Voir la fiche entreprise de "ARAMCO"


PT Pertamina and Saudi Aramco Ink HoA for Refinery Upgrading Project in Indonesia
In the presence of Indonesian Vice President Muhammad Jusuf Kalla; Indonesia's state-owned PT Pertamina and Saudi Aramco, the state-owned oil company of Saudi Arabia, have signed a Heads of Agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade of the Cilacap Refinery located in Central Java, Indonesia as part of Pertamina’s Refinery Development Master Plan (RDMP). The signing was held during the Vice President’s inauguration of the newly commissioned Residual Fluid Catalytic Cracking (RFCC) facility at the Cilacap Refinery, and the kick off of the Blue Sky project, both of which are designed to produce higher quality gasoline.

Also present were ministers from the Indonesian cabinet; the Saudi Arabian Ambassador to Indonesia Mustafa Al Mubarak; President and Chief Executive Officer of Saudi Aramco Amin H. Nasser; and President Director and Chief Executive Officer of PT Pertamina Dwi Soetjipto.

The proposed Cilacap Refinery upgrade will enable the refinery to process more sour crudes, meet high quality product specifications (Euro IV) and produce basic petrochemicals and lubricant base oils. The capacity expansion to 370 MBD will help Indonesia meet its increasing demand of refined products, lubricant base oils and petrochemicals. The agreement includes a long-term supply agreement for Arabian crudes to Cilacap refinery.

This HoA will pave the way for the next phase of development within the scope of collaboration between the two parties. The Basic Engineering Design Study for the Cilacap refinery upgrade is expected to commence soon and be completed by 2016.
RDMP is part of Pertamina’s mission as a national energy company to produce and market fuel products for Indonesia.  RDMP will increase the competitiveness of Indonesia’s refineries while increasing domestic supply security.
“Indonesia is a rising global powerhouse in the global economy, and it has long deep rooted cultural ties with Saudi Arabia. It’s refining sector has enormous potential, and with Indonesia’s fast-growing demand for refined products, Saudi Aramco’s role in Cilacap can help fuel this country’s coming era of development and prosperity,” said Amin Nasser, President and Chief Executive Officer of Saudi Aramco at the signing ceremony.

Participation in the RDMP will offer Saudi Aramco a major growth component of its global Downstream expansion portfolio aspiration, designed to make Saudi Aramco the world’s leading integrated energy and chemicals company. The investment would take place within a high growth petroleum demand in South East Asia which has been earmarked in the company’s downstream strategy.

In July 2014 Pertamina offered Saudi Aramco and other strategic partners the opportunity to participate in its RDMP to upgrade and expand five existing domestic refineries (Cilacap; Balongan; Dumai; Plaju; and Balikpapan) from 820 MBD of aggregate processing capacity to 1,680 MBD.

Saudi Aramco was selected by Pertamina as a strategic partner for three of the five refineries: Cilacap and Balongan in Java; and Dumai in Sumatra.

Saudi Aramco signed a MOU on December 10, 2014 giving the company exclusivity to conduct a feasibility study jointly with Pertamina for the three refinery expansions and negotiate key business principles.

About PT Pertamina

Pertamina is Indonesia’s state-owned integrated oil and gas company. We are committed to an ongoing process of transformation and continuous improvement that will lead to our achieving global standards of operational, environmental, and corporate performance. As a national oil company, we are committed to balancing profitable performance with our public service mandate. Pertamina has 57 years of experience in the challenging geological environment of Indonesia, were pioneers in the development of Liquefied Natural Gas (LNG) and now have operations in six countries.

Our businesses include the exploration and production of oil and gas; the refining, manufacturing and marketing of oil products and petrochemicals; and the development of biofuels, geothermal power and other sustainable alternative energy sources.

Pertamina has operations and facilities throughout Indonesia. Pertamina’s employees serve the energy needs of over 240 million Indonesians.

About Saudi Aramco

Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia.
Through our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs).


Origine : Communiqué ARAMCO

Voir la fiche entreprise de "ARAMCO"



Les dernières news de "ARAMCO"



Toutes les news de "ARAMCO"
 
 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom anadarko angola apache australia axens baker-hughes bechtel bg-group bp brazil canada carburant cbi cgg cheniere chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt engie engineering eni equinor equinor exxonmobil feed flng fluor fluxys foster-wheeler fpso france fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany ghana gnl gtt gulf-of-mexico guyana hess india indonesia inpex iraq italy jacobs kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas neptune-energy nigeria nigeria north-sea norway novatek offshore oman omv opec pemex petrobras petrofac petronas pgnig pipeline platform poland production qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-arabia saudi-aramco schlumberger senegal shale-gas shell socar sonatrach statoil subsea subsea-7 survey tap technip technipfmc texas total totalenergies tullow turbine uae ufip uk ukraine us vopak well wintershall wood-group woodside



Europétrole © 2003 - 2022