SAUDI ARABIA

Saudi Aramco And Pertamina Sign MOU For 300,000 B/D Java Refinery

State oil firm Saudi Aramco and Indonesia’s state-owned Pertamina on 18 February announced a memorandum of understanding (MOU) for a 300,000 b/d refinery and petrochemical complex at Tuban in East Java. The project, if realized, will contribute to Saudi Aramco’s ambitions to almost double refinery capacity in which it has a stake to close to 8mn b/d over the next 10 years.

Saudi Aramco has been...