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Iran, Indonesia $5bn refinery plan
- Iran: Wednesday, May 10 - 2006 at 09:49
Iran and Indonesia have signed a deal to develop an oil refinery in Java worth up to $5bn, according to a report in The UK's Financial Times. The refinery would be supplied largely by a minimum of 100,000 bpd of Iranian crude over 20 years. The 300,000-bpd refinery is due to start production in 2010, with 70% of its product bound for China and other Asian markets, said an Indonesian official.
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James McInerney, News EditorWednesday, May 10 - 2006 at 09:49 UAE local time (GMT+4)
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