Indonesia’s Pertamina to build new refinery in Bontang
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Indonesia’s state-owned oil and gas company Pertamina is planning to build a new refinery with a value ranging between $8 to $9 billion. The new refinery is expected to have a processing capacity of 300,000 barrels per a day (bpd). The refinery will reportedly be built under a public-private partnership scheme.
Pertamina currently operates six refineries in Indonesia, although the refineries are said to be operating at below normal rates due to the age of the assets.
Previously, the company had signed memoranda of understanding with Saudi Aramco, China’s Sinopec and Japan’s JX Nippon Oil and Energy to upgrade and expand the capacities of five of its refineries. Through the expansion project, the company plans to increase its capacity to 1.68 million barrels per a day (bpd) from the current capacity of 820,000 bpd.
Pertamina currently operates six refineries in Indonesia, although the refineries are said to be operating at below normal rates due to the age of the assets.
Previously, the company had signed memoranda of understanding with Saudi Aramco, China’s Sinopec and Japan’s JX Nippon Oil and Energy to upgrade and expand the capacities of five of its refineries. Through the expansion project, the company plans to increase its capacity to 1.68 million barrels per a day (bpd) from the current capacity of 820,000 bpd.
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