Indonesia mulls Iran’s proposal to build US$8.4bil oil refinery

Increasing demand: Indonesia’s refining capacity may grow 2 by 2025 while consumption surges 31 in the same period. – Reuters

JAKARTA: Indonesia will study a proposal from Iran to build an oil refinery, along with bids from other countries, as it seeks to boost refining capacity to catch up with rising consumption.

Iran proposed a plant with processing capacity of more than 100,000 barrels a day and pledged to provide the crude, IGN Wiratmaja Puja, director-general of oil and gas at the Energy and Mineral Resources Ministry, said in Jakarta yesterday.