Saudi Aramco reaffirms commitment to Pertamina JV as CEOs meet
[KHOBAR, Saudi Arabia] Saudi Aramco IPO-ARMO.SE CEO Amin Nasser met Pertamina boss Elia Massa Manik in Jakarta on Friday to reaffirm its commitment to their Cilacap Refinery joint development.
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.
Mr 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 US$5 billion 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.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board