Rosneft, Pertamina sign JV agreement for Tuban refinery

摘要

Indonesia’s Pertamina said Tuesday it signed a joint venture agreement with Russia’s Rosneft to build and operate a proposed integrated 300,000 b/d greenfield refinery and petrochemical facility in Tuban, East Java. Both companies have agreed that Pertamina, through its subsidiary Kilang Pertamina Internasional, will hold 55% stake in the JV and Petrol Complex, an affiliate of Rosneft, will hold the remaining 45%, a senior official at KPI said Tuesday.