Advertisement

Iran to build oil refinery in Indonesia

JAKARTA, Feb. 24 (UPI) -- Iran's foreign minister, on a visit to Jakarta, has confirmed his country's plan to invest $1.5 billion to build an oil refinery in Indonesia.

Indonesian Foreign Minister Hassan Wirajuda told reporters Thursday that his country's minister of energy would soon be visiting Tehran to follow up on the proposal, Xinhua reported Friday.

Advertisement

Wirajuda said that a meeting between Iranian Foreign Minister Manouchehr Mottaki and Indonesian President Susilo Bambang Yudhoyono had focused on the refinery project.

The plan was proposed by Iran and first discussed between the two countries' presidents at the United Nations in New York, he said.

Mottaki said his country was ready to invest between $1.5 and $2 billion on the energy project in Indonesia.

Latest Headlines