Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
STX - Indonesia Refinery Deal
description
Reports in 2009 indicated that STX was considering cooperating with Indonesia's state-owned oil company, Pertamina, and the National Iranian Oil Company to develop joint refineries in Indonesia. The director of PT Banten Global Development said in October 2009 that “STX and Pertamina have discussed the possibility of it joining the consortium.” A subsequent report in October 2009 indicated that the consortium had rejected STX's proposal to join the project. A representative from STX Pan Ocean, an affiliate company of STX, reported in July 2011 that it had never sought to be part of the deal and that it was erroneously identified in an official Developing Eight press release as a potential partner.
- Country: South Korea
- Contractor: STX
Status
- Current Status:
- Discussion Date: Tue, 2009-07-21
- Contract Date:
- Completion Date:
Citation
1. "Accord for Iran, Indonesia JV refinery delayed." Iran Oil Gas. Available at http://www.iranoilgas.com/news/details2/?type=news&p=current&newsID=4214....
2. Reva Sasistiya and Mita Valina Liem, "South Korea's STX May Join Banten Refinery Project," Jakarta Globe, October 16, 2009. Available at http://www.thejakartaglobe.com/business/south-koreas-stx-may-join-banten....
3. Reva Sasistiya, "Consortium Seeks $2.8b to Start Construction of Banten Oil Refinery," Jakarta Globe, October 16, 2009. Available at http://www.thejakartaglobe.com/resources/consortium-seeks-28b-to-start-c....
4. "Indonesia's Pertamina Reviewing Options on $3 Billion Oil Refinery at Banten as Oil Import Bill Grow," Ordon News, September 10, 2010. Available at http://www.ordons.com/asia/southeast-asia/7146-indonesias-pertamina-revi....
5. "Indonesia, Iran, and Malaysia to build $6b Oil Refinery in Banten," Developing 8 Organization For Economic Cooperation, August 10, 2009. Available at http://www.developing8.org/2009/08/10/indonesia-iran-and-malaysia-to-bui....
All projects by STX
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| STX | STX - Indonesia Refinery Deal | $4.5 billion |
07/21/09 |
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