Cilacap $5 billion Refinery Upgrade

Overview:

• Saudi Aramco has signed an agreement with Pertamina (Persero), Indonesia's state-owned oil and gas company, to upgrade the Cilacap Refinery in Indonesia with a cost of $5 billion.
• The project is part of the Indonesian government and Pertamina's Refinery Development Master Plan.
• The Cilacap Refinery is located in central Java, and once the upgrade is complete, the refinery will have the capacity to process 400,000 barrels of crude oil per day.

Wai Yee Tsang - Journalist Asia-Pacific