Friday, January 09, 2009

Indonesia's PT Pertamina defer expansion plans on financial gloom, crude price volatility

Owing to the global financial crisis and volatility in crude prices, Indonesia's state-owned PT Pertamina has announced to put on hold expansion projects at two of its major refineries - Cilacap refinnery (Central Java Province) and Balikpapan refinery (East Kalimantan Province), Jakarta Globe reported.

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