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PIF-backed ACWA Power expands Indonesian portfolio with green hydrogen project

RIYADH: Saudi power generation firm ACWA Power has signed an agreement for a new giga-scale green hydrogen project to expand its Indonesian portfolio. The Public Investment Fund-backed company has entered into a memorandum of understanding with the chemical manufacturing firm Pupuk Indonesia for the development of the project, according to a statement. The state-owned Pupuk ....

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Grass Root Refinery Tuban Project Development Exceeds Target

PT Pertamina Rosneft Processing and Petrokimia Pertamina Rosneft showed positive performance by accelerating the Grass Root Refinery GRR Tuban project. ....

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- Worley : Providing sulphur recovery...

- Worley : Providing sulphur recovery...
euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.

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Indonesian Oil & Gas Industry Continues Expansion

By
Bob Gill
Overview
Indonesia is the largest country in Southeast Asia. This applies in terms of geographical size (1.9 million sq. km); population (270 million people); and GDP ($1.1 trillion, 2019). However, while industrialization, urbanization, and an increasing population continue to drive energy demand upwards, the country has struggled to attain the self-sufficiency it should have given the generous reserves of both crude oil and natural gas that exist across the vast archipelago.
Due to insufficient investment in the oil & gas industry, Indonesia, an OPEC member as recently as 2008, is a net importer of crude oil and re-fined oil products. While the situation is somewhat better when it comes to natural gas, a widening demand-supply gap indicates that without significant production growth over the next few years, the country could also become a net importer of gas. ....

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