Indonesia’s state-run energy firm Pertamina signed Memorandums of Understanding (MOUs) with three global oil refinery operators – Saudi Aramco, Japan’s JX Nippon Oil & Energy and China Petroleum and Chemical Corp (Sinopec) – to upgrade Indonesia’s aging oil refineries on Wednesday, reports Reuters.

Under the plans established by the MOUs, Saudi Aramco will help upgrade three refineries: Dumai refinery in Riau, the Cilacap refinery in Central Java and the Balongan refinery in West Java. Sinopec will be responsible for upgrades to the Plaj...


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