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Indonesia’s Pertamina, Saudi Aramco ink deal for refinery upgrade

by ChemOrbis Editorial Team -
  • 30/11/2015 (13:25)
According to a press release on the company’s official website, Saudi Aramco and Indonesia’s stated owned Pertamina inked a Heads of Agreement (HoA) for upgrading the Cilacap refinery in Central Java, Indonesia as part of Pertamina’s Refinery Development Master Plan (RDMP). The estimated cost of the project was reported at around $5.5 billion. Previously, Pertamina had selected Saudi Aramco a strategic partner for three of its five refineries including Cilacap and Balongan in Java and Dumai in Sumatra.

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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