Indonesia Weighs Iran’s Proposal for $8.4 Billion Oil Refinery

  • Iran’s oil ministry says feasibility study being conducted
  • Refining capacity being expanded at slower rate than demand

Indonesia will study a proposal from Iran to build an oil refinery, along with bids from other countries, as it seeks to boost refining capacity to catch up with rising consumption.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.