Oman to support Indonesian USD10bn refinery project| MENAFN.COM

Tuesday, 25 January 2022 02:23 GMT

Oman to support Indonesian USD10bn refinery project


(MENAFN) Oman's Overseas Oil and Gas (OOG) has partnered with Indonesia's Pertamina along with Japanese Cosmo Oil International for the development of the Indonesian firm's $10 billion refinery at Bontang.

Oman was confirmed by the project's director Ardhy N Mokobombang that it is to offer funds to the development with the firm anticipating a 10% stake to be taken.

The Indonesian firm aims to arrive at a closing investment resolution on the 300,000-barrel-per-day Bontang grass roots refinery project.

MENAFN3101201800450000ID1096410276


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.