INDONESIA: Pertamina asks government to prevent competition in petrochemical refineries

Pertamina, citing petrochemicals as one of its "core growth pillars,” has disclosed plans to invest about $5 billion in an integrated refinery and petrochemical complex on Java Island.

The company has signed several memorandums of understanding with international firms for refinery and petrochemical projects in Indonesia. Among those companies are PTT Global Chemicals, Mitsubishi and SK Global Chemical.

State-Owned Enterprises Minister Dahlan Iskan said the government has not yet reached a decision on providing protection to Pertamina.

Source: Weekly "PetroChemical News", Durham, NC, USA; 25 Feb 2013

(Syed Rashid Ali, Karachi, Pakistan)