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Rabu, 16 Juni 2010

Pertamina asked to build fertilizer factory in Iran

Jakarta (ANTARA News) - State-owned oil and gas firm Pertamina has been asked to build a fertilizer plant in Iran to replace fertilizer firm PT Pusri, a cabinet minister said.

"We are trying to invite Pertamina to enter that country," State Enterprise Minister (BUMN) Minister Mustafa Abubakar said on the sidelines of a joint meeting with the chief economic minister, the trade minister, the industry minister and a number of House commissions here on Wednesday.

Abubakar said that Pertamina was invited to build a fertilizer plant in Iran because the oil and gas company also had cooperated with that country in the development of an oil refinery plant.

At present, the BUMN ministry is considering to withdraw PT Pusri from Iran because the company is focusing its attention on the development of fertilizer plants at home.

PT Pusri and IPCI, an Iranian firm, have signed an agreement to build a fertilizer plant since 2007. The reason to choose Iran was that Iran has enough gas sources with a relatively cheap price.

Investment reached US$700 million, of which US$100 million came from the Islamic Development Bank and US$150 million came from the Iran Bank.(*)

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source:
http://gresnews.com/ch/News-En/cl/House/id/104342/Pertamina+asked+to+build+fertilizer+factory+in+Iran

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