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Indonesia woos nations for refinery venture

It hopes to upgrade ageing refineries in US$25b project as president overhauls country's energy industry


INDONESIA is seeking money from Saudi Arabia to Japan for a US$25 billion upgrade of ageing refineries as President Joko Widodo's effort to cut subsidies prompts the state-owned oil company to boost output.

PT Pertamina is in talks with Tokyo-based JX Nippon Oil &