| BKPM pursue negotiations Pertamina-KPC |
 |
 |
 |
| Thursday, 19 August 2010 09:10 | |||||||
Page 1 of 2 JAKARTA: Indonesia Investment Coordinating Board (BKPM) to pursue settlement negotiations refinery plant project in Balongan, West Java and the construction of fertilizer plant in Iran, as government efforts to spur industrial growth and investment."Yes you tonight [tonight] I flew to Kuwait, Iran and Dubai. In Kuwait to follow up discussions and dialogue between PT Pertamina and KPC [Kuwait Petroleum Corporation] for the construction of refineries in Balongan. God willing, there'll be a meeting point and later to Iran for dialogue and discussion between the parties for the benefit of NPC Pusri and urea plant construction there, "said Gita Wirjawan Head of BKPM. He said that after meeting with the Minister of Industry, MS Hidayat and directors of Hankook Tire Co. Ltd., today. Balongan refinery project, the KPC is a joint venture with Pertamina, which until now has not materialized, an estimated investment cost of U.S. $ 8 billion-US $ 9 billion with a production capacity of 300 000 barrels per day. Menur plan, a memorandum of understanding will be signed in Kuwait on August 19. The urea plant project in Iran which was initially targeted at breaking ground in early 2010 is not yet terealisasasi. This project is the result of cooperation with PT Pusri NPCI Petrochemical Industries Ltd. and Investment Company (PIIC) that form a joint venture company Hangeem Petrochemical Company (HPC). This plant has a designed capacity of 1 million tons of urea and 120,000 tons of ammonia per year with an investment of about U.S. $ 450 million. BKPM aggressiveness is in line with government targets in the five years ahead of target for Rp1.500 trillion attract investment, both foreign direct investment (FDI) and domestic investment (PMDN). "So when we got six projects that scale just like Krakatau Steel-Posco project, we had 6% growth. We also seek to continue to attract investment in supplier-supplier in the upstream and downstream sectors of post-entry of Posco, "said Gita. On the other hand, Minister of Industry, MS Hidayat expect the issue of gas supply to secure the industrial sector in 2011, following the central government's efforts to negotiate with the producers of gas. "Next year I saw was concrete, now Pak Hatta [Coordinating Minister Hatta Rajasa] to negotiate with sources of gas in Singapore. New one that can be allocated namely East Kalimantan Fertilizer [CCP]. That November, otherwise nothing will be inaugurated pembangunanya, value [investment] to U.S. $ 800 million, "he said. (Parachute) www.tenderoffer.biz
|
Legitimacy & Law
About Us
Trusted Partner
