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Iran to build oil refinery in Banten JAKARTA - The Iranian government is planning to construct an oil refinery plan with a value of 400 million US dollar in Bojonegoro, Serang, Banten, according to the Iranian ambassador to Indonesia, Behrooz Kamalvandi. "President Ahmadinejad has met with the Indonesian president in Jakarta several months ago to sign various Indonesian-Iranian cooperation documents, including the development of an oil refinery plant in Banten, "the Iranian Ambassador said.

In a press statement sent to the provincial administration of Banten, Kamalvandi said that the refinery would likely to be constructed in the subdistrict Bojonegara because it is close the coast, so marketing would be more easy. The regional government of Banten is also planning to construct supporting facilities in that location. "Refinery process needs a lot of water. Therefore, Bojonegara is selected to be the main site of the plant. We have carried out pre-feasibility studies on the possibilities of Bojonegara to be selected," the ambassador said.

He said that studies of feasibility were conducted very carefully because a site for such a plant needs vast amounts of land. The project will be of benefit to Banten as it would create thousands of workers. "When in operation, the plant would be able to produce some 20.000 barrels of oil per day. "This would meet a quarter of Indonesia's need for oil," he added.



Posted in Economy @ 30 June 2007 15:53 CET by Jeroen · 'Blog' RSS feed · permalink






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