Yahoo Finance

JAKARTA, Aug 1 (Reuters) -

* Indonesia's state-owned energy company, Pertamina, has approached Azerbaijan's state oil company Socar and Japan's JX Nippon for possible partnership to upgrade the country's Balikpapan oil refinery, a Pertamina director said on Wednesday

* "We are inviting JX Nippon again to see if they are interested or not," Pertamina Megaproject Director Heru Setiawan told reporters at an industry conference, referring to the project

* "If there's more than one it would be OK. We'd have a majority (holding) of 51 percent at least," he added referring to the refinery upgrade project in East Kalimantan province (Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Christian Schmollinger)