(MENAFN) In an agreement between Iran and Indonesia, Iran will build an oil refinery in Indonesia, according to Iran Daily
The memorandum of understanding on cooperation has been signed between the Director of Kreasindo Resources Indonesia Rudy Radjab and Managing Director of Nakhle Barani Pardis Company Hassan Khosrow
The new refinery, which will cost USD3 billion, is planned to produce 300,000 barrels of crude oil per day
Radjab said: "We will wait for further result of a study.
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