“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Saturday, December 29, 2007

Mitsui to take majority in Indonesia refinery project

(Releads with Mitsui stake)

JAKARTA, Dec 28 (Reuters) - Japan's Mitsui & Co will hold a majority stake in a $1.5 billion project to build a residue fluid catalytic cracking unit in Indonesia to help reduce the country's dependence on gasoline imports.

The unit will have the capacity to produce around 60,000 barrels per day (bpd) of gasoline. Indonesia is Asia's biggest gasoline importer.

An official at Indonesia's state energy firm Pertamina said on Friday that Pertamina and Mitsui would set up a joint venture to build the unit at the existing Cilacap refinery.

"Mitsui will have an 80 percent stake and Pertamina 20 percent in the firm," Pertamina President Director Ari Soemarno told reporters.

"The project will cost about $1.5 billion. The product will be sold to the domestic market."

Soemarno said Pertamina and Mitsui are still working to conclude engineering issues.

Processing director Suroso Atmomartoyo had said previously that Pertamina planned to start building the RFCC by 2008 at the latest and expects it to begin operations in 2010.

Pertamina's Cilacap refinery, located in Central Java, has two crude distillation units with a capacity of 118,000 bpd and 230,000 bpd, respectively.

The refinery also has a 29,000-bpd gasoline-making reforming unit and a 50,000-bpd visbreaker.

The biggest gasoline-making facility in Indonesia is Pertamina's 83,000-bpd residual cracking unit at its Balongan refinery.

Indonesia is Asia's top diesel and gasoline importer, floating a tender each month for large spot volumes that can drive up benchmark regional prices.

OPEC member Indonesia has nine oil refineries scattered across the archipelago with a total combined capacity of around 1 million barrels per day (bpd), but about 30 percent of the country's oil products consumption is still imported.

(Reporting by Muklis Ali, editing by Sugita Katyal and Neil Fullick)

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