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Jakarta Post
The Jakarta Post
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Top official urges RI to offer incentives for refinery construction

  • Amahl S. Azwar

    The Jakarta Post

Jakarta | Mon, January 7 2013 | 11:47 am

PREMIUM Indonesia needs to offer incentives to woo both local and foreign companies to invest in costly oil refineries, a senior government official has said.

Deputy Energy and Mineral Resources Minister Rudi Rubiandini said that for oil and gas business players, the sizeable investment to build refineries would not meet their desired internal rate of return (IRR).

Currently, according to R...