Indonesia’s Pertamina, Saudi Aramco ink deal for refinery upgrade
The Cilacap Refinery’s processing capacity is expected to increase to 370,000 barrels of oil per day (bpd) from 348,000 bpd as part of efforts to meet Indonesia’s increasing demand for refined products, lubricant base oils and petrochemicals. Via the upgrade of the Cilacap Refinery, the refinery will also be able to produce petrochemicals including PX, propylene, and PP as well as lubricant base oils. Under the agreement, the two companies also agreed on a long term crude oil supply deal for the refinery.
The basic engineering design study for the Cilacap refinery upgrade is expected to be completed in 2016 while the upgrading project is slated to be fully completed by 2021.
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