17
Mar
09:53
Pertamina capex needs steel, but not steel executive
Indonesia’s state-owned oil firm Pertamina has set aside “... $5-6 billion in capital expenditure” for steel-intensive projects set to start this year, according to finance director Arief Budiman. The company has also appointed a new ceo, Elia Massa Manik, not Krakatau Steel chief Sukandar as some commentators had predicted, Kallanish notes.
Pertamina is targeting a crude oil output of 2.6 million barrels/day by 2030, up from 830,000bpd current…
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Anonymous
Very good overview of the weekly steel market.
Anonymous