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

Yusef Kartiwa Caryana, deputy director of the oil and gas storage and business development division, said recently that the country is conducting a feasibility study it hopes to complete by next year on the new refinery.

The refinery, to be government-funded and operated by Pertamina - the Indonesian state-owned oil and natural gas corporation, would likely be located in East Java or Sumatra and might come online by 2021.-VNA