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Related company : PERTAMINA (PERSERO)

Related company : PERTAMINA (PERSERO)

Tone : Neutral

Tone : Neutral

 

Pertamina, Aramco not on same page regarding Cilacap refinery upgrade

Summary
The Jakarta Post, March 14, 2019
A plan to revitalize Pertamina’s refinery in Cilacap, Central Java, is still full of uncertainty as the state-owned energy holding company has not sealed a partnership deal with Saudi Arabian oil giant Saudi Aramco. Before getting to the final talk for a deal in June, the two companies have settle a discussion regarding the valuation of the refinery, known as enterprise value (EV). If the agreement with Aramco can’t be completed by June, the company will terminate it and look for other options.
 
 

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