August 12, 2020

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oil refinery

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Saudi Aramco to take stake in Zhejiang Petrochemical’s new refinery project in eastern China

Saudi Aramco has signed a Memorandum of Understanding (MoU) with China’s Zhejiang provincial government to acquire a stake in Zhejiang Petrochemical’s new oil refinery project. The size of the stake has not yet been finalized, pending due diligence. “We are exploring opportunities for new refining and petrochemicals facilities, making further investments in China,” said Saudi […]

October 22, 2018
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Continental Energy establishes subsidiary to build, own and operate oil refinery in Indonesia

Continental Energy Corporation announced that it has established an Indonesian subsidiary, PT Kilang Kaltim Continental (KKC), under a foreign direct investment license received from BKPM, the agency responsible for coordinating international investments in Indonesia. Kilang Kaltim Continental’s investment license permits it to build, own and operate a crude oil refinery at the KIPI Maloy port […]

January 30, 2018