12 October 2011
The Industry Ministry' s director general for manufacturing-based industry, Panggah Susanto, was quoted by kompas.com as saying that both countries had agreed to build the refineries in Indonesia .
"Previously they wanted the refineries to be built in Nigeria ," he said Tuesday. "However, as Indonesia is currently improving its downstream industry, Indonesia wanted the refineries to be built here instead."
[So, that is end of story? Does this make any sense at all?? What fund is being used for this investment? This at a moment when the “fuel subsidy” to pay for imported refined Nigerian crude is being passed to the poor consumer? Because they cannot keep 4 refineries running at reasonable capacity inNigeria ? Curiouser and curiouser.]
[So, that is end of story? Does this make any sense at all?? What fund is being used for this investment? This at a moment when the “fuel subsidy” to pay for imported refined Nigerian crude is being passed to the poor consumer? Because they cannot keep 4 refineries running at reasonable capacity in
The refineries, which are projected to produce 300 bpd each, will be used to process crude oil from Nigeria .
"State firm PT Pertamina will buy the crude oil from Nigeria and process it here," he said.
No comments:
Post a Comment