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Indonesia plans new refinery to reduce fuel imports

Indonesia is looking to build a new 300,000-barrels-per-day (bpd) refinery to reduce its dependence on imported fuels, an official at the Ministry of Energy and Mineral Resources was quoted by news agencies as saying.
Indonesia is looking to build a new 300,000-barrels-per-day (bpd)refinery to reduce its dependence on imported fuels, an official at theMinistry of Energy and Mineral Resources was quoted by news agencies assaying.

Indonesia now has about 1 million bpd ofrefining capacity that meets about two-thirds of its demand, meaning ithas to import more than 500,000 bpd of fuel products to fill the gap.

Yusef Kartiwa Caryana, deputy director of the oil and gasstorage and business development division, said recently that thecountry is conducting a feasibility study it hopes to complete by nextyear on the new refinery.

The refinery, to begovernment-funded and operated by Pertamina - the Indonesian state-ownedoil and natural gas corporation, would likely be located in East Javaor Sumatra and might come online by 2021.-VNA
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