Indonesia's Pertamina, Malaysia's Petronas Aim to Take Over Shell's Masela Stake
06.26.2023 By News - NEWS

June 26, 2023 [Reuters]- Indonesia’s state energy company Pertamina and Malaysia’s Petroliam Nasional (Petronas) plan to jointly take over Shell’s participating interest in the Masela gas project, Indonesia’s energy minister said on Monday.


Shell currently has 35% of the shares in the project and authorities are keen for the companies to complete the deal to move the project forward after years of delay.

“They are both doing the negotiation,” the minister, Arifin Tasrif, told Reuters, referring to Pertamina and Petronas.

“They have to finalise what kind of joint scheme they are preparing,” he said on the sidelines of an Energy Asia conference.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Hydrogen's Rise Fuels Global Ammonia Infrastructure Growth
10.03.2023 - NEWS
October 3, 2023 [Oil Price]- As hydrogen gains prominence amid the global pursuit of decarbonizat... Read More
Interview: Current African Refinery Development Plans Insufficient to Meet Future Demand
10.03.2023 - NEWS
October 3, 2023 [S&P Global]- Africa will remain a major importer of refined products in the ... Read More
Saudi Aramco Enters International LNG Market
10.03.2023 - NEWS
October 3, 2023 [Oil Price]- Saudi Aramco is entering the global LNG business by signing a deal t... Read More
Vopak Repurposed Existing Infrastructure to Support Energy Transition in California
10.03.2023 - NEWS
October 3, 2023 [Vopak]- Vopak celebrates the repurposing of 22 tanks at Vopak’s Los Angele... Read More