Middle East Economic Survey

VOL. XLVIII

No 12

21-March-2005

IRAN

Iran And Indonesia Sign MOU For Construction Of Indonesian Refinery

Iran and Indonesia on 16 March signed a memorandum of understanding (MOU) for the joint construction of a 300,000 b/d crude distillation capacity refinery in Indonesia. The agreement was signed in Isfahan by Iranian Petroleum Minister Bijan Zanganeh and Indonesian Oil Minister Purnomo Yusgiantoro, on the sidelines of last weeks OPEC meeting. The plant is expected to...