A flame from a Saudi Aramco oil installion known as
A flame from a Saudi Aramco oil installion known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kms east of the Saudi capital Riyadh, on June 23, 2008. (Photo: AFP / MARWAN NAAMANI)

Saudi Arabia to Build US$10 Billion Oil Refinery in Indonesia

Arif Wicaksono • 14 September 2015 14:51
medcom.id, Jakarta: The Secretary of Cabinet Pramono Anung mentioned the strong willingness of Aramco oil company, owned by Saudi Arabia, to build a refinery and storage to acquire direct distribution in Indonesia. He stated the investment was valued at around US$10 billion.
 
"Therefore it is one of the concrete results of the meeting, aside from that, we have also asked for double tax exempt which will be approved by the two parties, as our Minister of Finance and the Coordinating Minister of Economy are preparing the draft," added Pramono as quoted from the Secretary of the Cabinet website in Jakarta, Sunday (9/13/2015).
 
Aside from that, he continued, President Jokowi has also mentioned BNI Bank's effort to open a branch in Jeddah, as remembering the number of hajj pilgrims or umrah from Indonesia, reaching 700,000 annually.

Pramono also conveyed President Jokowi's message ordering all related officials to observe and monitor the following talks, as Saud Arabia had failed in the communication sector, with the Axis company sold to Malaysia, and so forth.
 
"President was genuinely happy with the developments, as the Saudi Arabian government said that no marathon discussion such as this had been conducted by other governments, as it showed the true intention of Indonesian government and Saudi Arabian to enhance the relationship between the two," he concluded.
 
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