IMF confirms recovery of Russia's economy in 2017Business & Economy July 24, 8:47
Russian Interior Ministry to control 13 more new psychotropics, drug-containing plantSociety & Culture July 24, 2:54
MAKS-2017 airshow yields contracts to over $6bln - Russian ministry of industry and tradeBusiness & Economy July 23, 23:48
Russian consumer rights watchdog chief names cities with highest HIV ratesSociety & Culture July 23, 21:41
Serbian filmmaker Kustirica says Crimea’s reunification with Russia is natural processSociety & Culture July 23, 21:40
Israeli embassy in Amman attacked by terrorists, some people wounded - TVWorld July 23, 21:35
Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US ambassador Kislyak steps downRussian Politics & Diplomacy July 23, 1:33
MOSCOW, May 26. /TASS/. Russia’s state-owned oil company Rosneft and the Indonesia’s Pertamina have signed an agreement on construction of the Tuban refinery, Pertamina said in a statement.
"Indonesia needs to increase its refining capacities, as the country now has to import half of consumed petroleum products, including gasoline," according to the report.
According to the schedule, the construction is to be completed in 2021.
The project cost will be determined after a thorough analysis of the results.
Earlier the Wall Street Journal reported that Pertamina hopes to keep a controlling stake (51%) in the project.
According to the newspaper, the project to build a refinery in the eastern part of Java island of Indonesia is estimated at about $14 bln.
The plant’s processing capacity will amount to 320,000 barrels of oil per day.
An official with Rosneft said that primary crude processing capacity of the Tuban complex will be 15 million tonnes a year.
The project envisages the construction of a large catalytic fuel cracking unit and a petrochemical complex. It is expected that the complex will be able to receive tankers with capacity of up to 300,000 tonnes.