KPC may build oil storage in Indonesia
Tuesday, May 9 2006 - 03:24 AM WIB
Kuwait Petroleum Club is planning to build an oil storage in Indonesia whence they will send their crude to Asia-Pacific market.
?Aside from planning to build a refinery here, KPC is looking for a suitable salt dome to build an oil storage that will cover the Asia Pacific market,? Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Tuesday.
Earlier, Purnomo said, KPC was planning to build a US$3 billion refinery in Indonesia in a joint venture with state oil and gas company PT Pertamina. The plant is likely to be located in South Sulawesi. (Alex)