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Pertamina in search of partner for Bontang refinery

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/03/2017 (15:07)
According to Reuters, Indonesia’s state oil company Pertamina is hoping to find a partner and sign a framework agreement by the end of April to start working together in the construction of an oil refinery and petrochemical facilities in Bontang.

The project is worth around $13 billion and the partner may own the majority stake of up to 95% of the project.

Pertamina was nominated as the project operator of the Bontang refinery in December 2016 and was asked to find a project partner to work together. Pertamina had then said the partner selection was expected to be completed by the end of 2017.

The new refinery, the construction of which is expected to start in 2019 and finish in 2023, will reportedly have an oil production capacity of 300,000 barrels/day and be located near the Bontang LNG refinery operated by PT Badak NGL, Pertamina’s affiliation.
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