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.
Contact Eric Watkins at [email protected].