Thursday, July 28, 2005

Oil: China set to build refinery in Indonesia

China and Indonesia are expected to sign an agreement to construct an oil refinery in East Java, jointly built by Indonesian state-run oil and gas company Pertamina and China Petroleum and Chemical Corp., or Sinopec Corp. Output is expected to be 150,000 to 200,000 barrels per day.

The visit will also explore cooperation in defense technology, including the possibility of a rocket program.