Pertamina to Develop Cilacap Refinery without Saudi Aramco
Indonesia's PT Pertamina will develop its Cilacap refinery in Central Java "independently", the state energy company said on Friday, dropping a plan to boost capacity through a joint venture with Saudi Aramco.The two companies have been in talks to upgrade the Cilacap refinery since 2016 and last year said that they would finalize a joint venture plan in the first quarter of 2020."Pertamina will continue to independently develop the Cilacap Refinery Development Master Plan, while we look for another strategic partner…
Pertamina, Aramco Extend Cilacap Refinery Talks
Indonesia's PT Pertamina and Saudi Aramco have extended negotiations regarding an upgrade to Pertamina's Cilacap oil refinery December, State-Owned Enterprise Minister Erick Thohir said on Tuesday.The two sides have extended their negotiations a few times since last December as they struggle to agree on a valuation for the project.
Saudi Aramco to provide 270mb daily to Indonesia Refinery
Aramco eyeing up to $28 bln in Indonesia refinery projects; Pertamina to announce winner of $13 bln Tuban project on Thursday. Energy giant Saudi Aramco is ready to supply up to 270,000 barrels per day (bpd) of crude oil to a refinery it will jointly upgrade with Indonesia's Pertamina , chief executive of the Southeast Asia state-owned energy company said on Monday. Forecasting growing crude oil demand, Saudi Aramco is seeking to invest further in Indonesia's refining and petrochemicals sector, part of broader expansion plans in China, India, Vietnam and the United States.
Work On Indonesian Thermal power plant to Start
The construction of a $4 billion, 2,000-megawatt coal-fired power station in Indonesia will begin on April 1 after years of delay as land acquisitions are finally complete, Japan's Nikkei business daily said on Sunday. PT Bhimasena Power Indonesia, a joint venture set up by Indonesian coal miner PT Adaro Energy Tbk and Japan's Itochu Corporation and Electric Power Development Co. Ltd. (J-Power), will build and operate the Batang plant in Central Java. Neither Itochu nor J-Power could be immediately reached for comment.
Indonesia Turns to Floating Power Stations
Indonesia's president launched the first of five new floating power stations on Tuesday, to serve as a stop gap for the country's growing demand for power amid sluggish development of land-based plants. Southeast Asia's largest economy has set an ambitious goal of building more than 35 gigawatts of power stations by 2019, the bulk of which are expected to be coal-powered. However, the $50 billion mega project has made slow progress since it was launched by President Joko Widodo in April, due to difficulties in acquiring land among other reasons.
Giken Sakata Expands its Oilfield Assets Portfolio in Indonesia
The board of directors (“Board”) of Giken Sakata (S) Limited (“Giken Sakata” or together with its subsidiaries, the ”Group”), is pleased to announce that PT Cepu Sakti Energy (“PT CSE”), a subsidiary of the Group, has entered into two cooperation agreements (collectively known as the “Agreements”) with a local government-owned corporation based in Central Java, PT Sarana Patra Jateng (“PT SPJ”). Cepu Sakti Energy, Giken’s subsidiary, has net revenue interest of 80% from the sales of oil that will be produced from the two oil fields.
