Heavy Demand for Refineries
Tuesday, May 7, 2013
Plans for new oil refineries have been put off again. Some say the investors are asking for too much.
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There seems to be no light at the end of the tunnel when it comes to building oil refineries. Deputy Minister of Energy and Mineral Resources Susilo Siswoutomo plans to lobby the Finance Ministry this week to discuss what potential investors from Saudi Arabia and Kuwait have asked for.
Saudi Aramco Asia Company and Kuwait Petroleum Corporation, both state-owned, have requested various forms of fiscal relief as a condition of undertaking the refine
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