Continental Energy Corp. has announced that its Indonesian subsidiary PT Kilang Kaltim Continental (KKC) has engaged a specialist, Buck Hill Capital Partners LLC, in arranging commercial trade contracts and structuring project finance to assist and advise KKC with the development and realisation of KKC’s Maloy Refinery.
KKC is the holder of a foreign direct investment license with the Indonesian government which permits it to build, own, and operate a 24 000 bpd capacity crude oil refinery at the KIPI Maloy International Port and Industrial Park, a new special economic zone and industrial centre located in the Kutai Timur Regency of East Kalimantan Province, Indonesia.
The Maloy Refinery is intended to refine local domestic Indonesian crude oil feedstocks into motor fuels and other refined products for sale direct to underserved industrial and retail consumers within the East Kalimantan Province. Continental owns a net 97% shareholding in KKC.
Read the article online at: https://www.hydrocarbonengineering.com/refining/10102018/continental-subsidiary-engages-energy-infrastructure-advisor/