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Indonesia’s Pertamina to consider upgrading five refineries

by ChemOrbis Editorial Team -
  • 10/12/2014 (11:26)
According to market sources, Indonesia’s state-owned oil and gas Company Pertamina has inked three memoranda of understanding with Saudi Aramco, China’s Sinopec and Japan’s JX Nippon Oil and Energy to upgrade and expand the capacities of its five refineries within the country.

The $25 billion investment plan is a part of the country’s Refining Development Master Plan and is targeted to double refinery production to cope with rising local demand. The projects are expected to be completed in four years. Once the projects are finalized, Pertamina’s total refinery capacity is expected to increase to 1.68 million barrels of oil per day (bopd) from the current 820,000 bopd.

Pertamina reportedly stated that their production of other petrochemical products such as propylene, PP, PE and PX will also increase once the refinery expansion is completed.
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