Russo-Indonesia JV to build Situbondo refinery

Eric Watkins
Senior Correspondent

LOS ANGELES, Sept. 18 -- East Java Gov. Imam Utomo said a consortium of Russian investors and state-owned PT Petrogas Jatim Utama will build a $3 billion refinery in his province.

Utomo expects a contract to be signed in November for the facility, which will be built in Situbondo. Its initial capacity will be for 150,000 b/d, eventually rising to 300,000 b/d. The refinery will produce diesel, lubrication oil, and gasoline.

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