00:30 GMT12 May 2021
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    Director General of Oil and Gas at the Indonesian Ministry of Energy and Mineral Resources Wiratmaja Puja said that Russian partners have good opportunities to invest in Indonesia.

    SOCHI (Sputnik) — Indonesia hopes that Russian companies will participate in construction and operation of two oil refineries in Indonesia, Director General of Oil and Gas at the Indonesian Ministry of Energy and Mineral Resources Wiratmaja Puja said Thursday.

    "In term of refineries, Russia has good quality and technology. In coming years, we are going to build two refineries. A refinery in East Kalimantan will need $13-14 billion of investment. The infrastructure is already there, we just need investment to built a refinery and to operate it. Another refinery will need $8-9 billion of investment in Java island. This is the opportunity for the Russian partners to invest in Indonesia," Puja said at a plenary session of the Russia- ASEAN Business Forum in Sochi.

    On May 19-20, Sochi hosts the Russia — ASEAN summit, marking the 20th anniversary of Russia — ASEAN relations. The Association of South-East Nations (ASEAN) comprises Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam.

    The leaders of ASEAN member states are expected to discuss ways of enhancing strategic partnership in the area of countering traditional and non-traditional security challenges, as well as strengthening cooperation in science, technology and energy at the summit.

    On Wednesday, the presidents of Indonesia and Russia agreed to step up bilateral cooperation on trade and investment.

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    investment, Russia-ASEAN summit, Wiratmaja Puja, Russia, Indonesia
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