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Pertamina's splashes cash on refining dreams

THE crash in the oil price and a lack of demand for refined products has not stopped Indonesia's state oil company, Pertamina, from splashing nearly US$50 billion to increase the country's refining business.

Staff Reporter

Pertamina's splashes cash on refining dreams

According to a Bloomberg report this week, Pertamina has accelerated its plans to double Indonesia's refining capacity. Currently Indonesia imports the majority of its diesel and petroleum products...

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