Saudi Aramco withdraws from oil refinery project in Indonesia
Saudi Arabian Oil Co., (Aramco) quit from Cilacap oil refinery project owned by Indonesia's energy firm PT Pertamina after a long discussion, said Pertamina Director Ignatius Tallulembang.
Saudi Aramco quit from Cilacap oil refinery project owned by energy firm PT Pertamina after a long discussion. (Photo by the company)
Jakarta (VNA) - Saudi Arabian Oil Co., (Aramco)quit from Cilacap oil refinery project owned by Indonesia's energy firm PT Pertamina aftera long discussion, said Pertamina Director Ignatius Tallulembang.
Initially, both producers aims to settle the deal thisyear, but one of the largest global oil producers Aramco decided to pull out fromthe project, he said.
The cooperation ended in April 2020 after being extendedat the end of December 2019, he said, adding that Pertamina is finding newbusiness partners while preparing for the next development process.
📖 With total investment of 5 billion USD, the project isexpected to draw about 130,000 workers during the construction process, and10,000 others while operating./.
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Saudi Aramco quit from Cilacap oil refinery project owned by energy firm PT Pertamina after a long discussion. (Photo by the company) 
