Pertamina to form refinery JVs with Rosneft, Aramco
(Reuters) Indonesian state energy company Pertamina expects to sign a JV agreement with Russian oil major Rosneft for the Tuban oil refinery development project, a company official said.
The official, who declined to be named, because he was not authorized to speak to the media, said the venture agreement was expected to be signed on Monday and would include an agreement on two producing oil and gas blocks in Russia.
Pertamina also expects to form a JV with Saudi Aramco for the Cilacap refinery upgrade project in December, the official said. A decision on whether to go ahead with Aramco on the Balongan and Dumai refinery upgrades will be made in the coming months, the official said.
Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Christian Schmollinger
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