The plan to modify the Cilacap Refinery has been long discussed, but it has yet to reach the implementation stage. PT Pertamina signed a Heads of Agreement (HoA) with Saudi Aramco in November 2015 for this project with the year 2022 as the targeted year of completion. Pertamina, however, pushed the completion target further to 2024. Saudi Aramco’s demands are the frequently cited cause of the setback.
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