Indonesia's Pertamina, Saudi Aramco to invest $5.5b for upgrading Refinery Unit IV Cilacap

Indonesia's Pertamina, Saudi Aramco to invest $5.5b for upgrading Refinery Unit IV Cilacap

Photo by Pertamina

Indonesia’s state-owned energy company PT Pertamina and a global oil & gas player, Saudi Aramco, have signed a head of agreement (HoA) to upgrade Refinery Unit IV Cilacap in Central Java with an estimated total cost of $5.5 billion.

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