Kuwait Petroleum, Pertamina Study Refinery Investment
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A unit of Kuwait Petroleum Corp. and PT Pertamina, Indonesia’s state-oil company, will study the feasibility of more than tripling the capacity of the Balongan oil refinery in Java.
Balongan’s oil-refining capacity may increase to as much as 425,000 barrels a day from 125,000 barrels a day, Pertamina spokesman Mohamad Harun said by telephone today.