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Governmental Budget Cuts May Hurt the Country’s Refinery Pro
Indonesia has six oil refineries with a combined capacity to process around 1.1 million barrels of oil per day.
Bareksa•23 Juni 2014
Bareksa•23 Juni 2014
Indonesia has six oil refineries with a combined capacity to process around 1.1 million barrels of oil per day.
Bareksa.com - Quoted from The Jakarta Globe, The Energy and Mineral Resources Ministry scrapped a Rp 200 billion ($17 million) budget allocation for a refinery feasibility study in Bontang East Kalimantan, in a governmental belt-tightening effort, a ministry official said on Friday.
The budget cut may further diminish the Bontang project, which was intended to be state-funded.
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