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Indonesia speeds up refinery projects

Indonesia is striving to complete six refinery projects worth 60 billion USD of PT Pertamina in the next two years.
Indonesia speeds up refinery projects ảnh 1The six national strategic projects consist of four refinery development master plans of Balikpapan, Balongan, Cilacap, and Dumai, and two new grass-root refineries of Tuban and Bontang. (Illustrative image. Source: Jakarta Post)

Jakarta (VNA) – Indonesia is strivingto complete six refinery projects worth 60 billion USD of PT Pertamina in thenext two years.

The six national strategic projects consist offour refinery development master plans of Balikpapan, Balongan, Cilacap, andDumai, and two new grass-root refineries of Tuban and Bontang.

According to Ignatius Talullembang, Pertamina’sdirector of processing and petrochemical, these projects are part of thegovernment’s programme to reduce imports of fuel products. 

Indonesia’s current refinery capacity is onlyabout 800,000 barrels per day, while the domestic fuel consumption is 1.4million barrels per day, he said.

Pertamina estimated that the six refineries willhelp save 12 billion USD and generate to 109 million USD in additional taxrevenue per year. 

Furthermore, they will attract 172,000 workersand increase local budget revenues by 30-50 percent./.
VNA
#Indonesia#six refinery projects#PT Pertamina#national strategic projects#Balikpapan#Balongan#Cilacap#Dumai#Tuban#Bontang#reduce imports of fuel products#Vietnamplus#Vietnam News Agency
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