Indonesia's Pertamina is considering refining Iraqi crude in India 3/15/2016
Indonesia's Pertamina is considering refining Iraqi crude in India
3/15/2016 0 Comments
Oil field in southern Iraq, were picked up on Jan. 21, 2016. Photograph: Essam Sudanese - Reuters
Our economy / Baghdad
CEO of Pertamina Energy state-owned, said in Indonesia that he hoped to conclude this year an agreement with the Indian refinery about one million barrels of Iraqi crude per month.
He said the sound of Swetjeptu told reporters: "It is better to buy crude and refinery exploit abroad."
He added that the choice of India due to its geographical location, adding that any crude shipments from Iraq to pass a number of oil ports in India on their way to Indonesia.
He declined to mention Swetjeptu Indian refinery, which is negotiating with the name of his company.
He said that the monthly oil shipments that will go to Indian refinery of 290 thousand barrels of Pertamina's share in the privilege of the West Qurna field and 700 thousand barrels bought from other Iraqi fields.
The refining capacity of local Pertamina about one million barrels per day and meet the two-thirds of daily consumption in Indonesia.