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Jakarta Post

Kuwait keen to build $7 billion oil refinery in RI to boost ties

  • by Kharishar Khafi Hotli Simanjuntak
Jakarta   /   Wed, February 27 2013   /  10:04 am

Warm gesture: People’s Consultative Assembly’s Deputy Speaker Hajriyanto Y. Thohari (right) speaks with Kuwait Ambassador Nasser Bareh Al Enezi during a reception for Kuwait’s National Day and Liberation Day in Jakarta on Tuesday. (JP/Wendra Ajistyatama)Kuwait is keen to build a US$7 billion oil refinery in Indonesia, a Kuwaiti diplomat has said.

“The project will be a landmark in our growing strategic relations. In the refinery business, the profits are very small that is why we asked for incentives to cover the costs,” Kuwait Ambassador to Indonesia Nasser Bareh Al Enezi told The Jakarta Post in connection with the double celebrations of Kuwait’s National Day and Liberation Day on Tuesday.

Indonesia is in need of more oil refineries as the capacity of existing aging refineries is only 60 percent of the needed 1.5 million barrels of oil per day (bpd). In 2012,...