Indonesia, Iran sign agreement on oil refinery| MENAFN.COM

Friday, 12 August 2022 06:32 GMT

Indonesia, Iran sign agreement on oil refinery

(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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