By SUMMER SAID
Kuwait Petroleum International, known as Q8, and South Koreas SK Energy have inked a memorandum of understanding to develop a refinery and a petrochemical complex in Indonesia, state-run Kuwait News Agency, or KUNA, reported this week.
The refinery will have a capacity to process between 200,000 and 300,000 bpd of Kuwaiti crude oil and will be located inside the petrochemical complex.
The facility will be built in Balongan, West Java, according to KUNA.
The project will be built in partnership with Indonesia's Pertamina, KUNA added, without giving a value for the project or details about the partnership structure.
Dow Jones Newswires