Indonesia Spikes Aramco Refinery, Knocks Back KPC
Gulf NOCs have been hit by resource nationalism in Indonesia. Planned Aramco and KPC refineries appear dead and a Kufpec upstream gas stake rejected.
Saudi Aramco’s plans to build a 300,000 b/d refinery and petrochemical complex at Tuban in Indonesia’s East Java province have been rejected by the Indonesian Oil Ministry. Saudi Aramco had requested tax incentives for the Tuban refinery,...