IRAN

 

Iran, Indonesia Team Up For $3Bn Refinery Project

 

Indonesian oil services company PY Kreasindo Resources is looking to team up with Iranian independent Nakhle Barani Pardi (NBP) to build a new crude oil refinery in Indonesia in a venture estimated to cost upwards of $3bn. This represents the latest push by the Southeast Asian nation to establish a joint-venture refinery after previous attempts have run into difficulties.

Indonesia has been working hard to increase its...