Indonesia’s state firm Pertamina announced on 28 May that it will “continue to independently develop the Cilacap RDMP” (refinery development master plan), confirming that Saudi Aramco is no longer pursuing a stake in the project.

Pertamina says “there will be another strategic partner search” to replace Aramco in a Central Java JV project which is central to Indonesian plans to end oil products imports by 2026. (CONTINUED - 871 WORDS)