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Jakarta Post
The Jakarta Post
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Pertamina halts plan to acquire Russian fields

  • Viriya P. Singgih

    The Jakarta Post

Jakarta | Fri, August 18 2017 | 12:23 am
Pertamina halts plan to acquire Russian fields

PREMIUM State-owned energy company Pertamina is finding it difficult to acquire two energy blocks controlled by Russian oil firm Rosneft because of the high acquisition tax the firm has to pay to Indonesian authorities to clinch the deal.Pertamina will team up with Rosneft to develop the new US$15 billion Tuban refinery in East Java. It is projected that the refinery will process 300,000 barrels of oil pe...