Indonesia’s Pertamina to build new refinery in Bontang
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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