Jakarta (ANTARA News) - A plan of Indonesian fertilizer company PT Pupuk Sriwidjaja (Pusri) and National Petrochemical Company of Iran (NPCI) to jointly set up a fertilizer plant in Iran will be finalized at a meeting in Jakarta on December 12, 2007, an Indonesian minister said.
State Enterprises Minister Sofyan Djalil said here on Monday he would have a meeting with the management of PT Pusri to discuss the state company`s plan to invest in the joint venture in Iran which would be named Hengam Petrochemical Company.
Meanwhile, PT Pusri President Director Dadang H Kodri said an Iranian delegation would hold a meeting with Minister Sofyan Djalil on Monday afternoon (Dec. 3).
The joint fertilizer plant in Iran was expected to have a capacity of producing 2,500 tons of urea and ammonia per day.
Around 50 percent of the plant`s production would be marketed in Iran and the rest exported to other countries, including Indonesia.
PT Pusri was planning to set aside US$97 million as its equity in the project to be paid up over a period of three years starting at the time construction of the plant is begun.
Kodri said PT Pusri was interested in the joint venture in Iran because Iran was prepared to supply the needed gas at the competitive price of less than US$2 per MMBTU which was much lower than the present gas price in Indonesia at US$3.5 to US$4 per MMBTU.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.