Business Services Industry
INDONESIA: Collapse of joint venture agreement to build a $250,000,000 oil refinery leads to decision to proceed ahead alone, PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA (PERTAMINA) [Indonesia] - Order #: 038003.
WWP-Business Opportunities in Asia & the Pacific, March, 2003
PROJECT OVERVIEW:
The local state-owned PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA (PERTAMINA) established a joint venture with the HI-TECH INTERNATIONAL GROUP of Saudi Arabia a few years ago in order to build a new oil refinery in Indonesia. However, the tentative partnership subsequently collapsed because of HI-TECH's inability to raise the need project financing. As a result, PERTAMINA has decided to proceed ahead on its own.
Construction plans under consideration call for building a plant with an installed production capacity of 100,000 barrels per day of crude oil that will be sourced from the Cepu oil block. According to Baihaki Hakim, PERTAMINA President & CEO, the estimated cost to build the Tuban oil refinery has been set at...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express