The oil refinery will be constructed in a joint venture with Indonesia’s OSO Group and SOCAR.
The plant will be designed with a production capacity of about 600,000 barrels per day.
Azerbaijan Ambassador to Indonesia Tamerlan Karayev was quoted by The Jakarta Post as saying that the project is being considered and no final decision regarding the project has been taken.
"We are currently negotiating 14 bilateral agreements with Indonesia, which will be signed during our president’s visit to Indonesia next year," Karayev added.
"The oil refinery in Batam is one of them. Our Delta Group is also currently mulling a plan to build an aluminum plant in Kalimantan."
Most of the funding for the project is expected to be provided by Azerbaijan, while the facility is slated to be completed in 2017.
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