London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Pertamina to start Balikpapan upgrade in 2019

December 04/2018

MOSCOW (MRC) -- Indonesian state energy company PT Pertamina will sign an engineering, procurement and construction (EPC) contract to upgrade Balikpapan refinery in December, reported Reuters with reference to Chief Executive Nicke Widyawati.

Balikpapan refinery upgrade is expected to start construction earlier next year, Senior Vice President Daniel Purba said.

First stage of Balikpapan upgrade is scheduled for operation in 2021 to produce Euro V standard fuel, and stage 2 in 2022 to convert its use to process sour crude, from currently processing medium heavy crude.

Pertamina also aims to sign framework agreement with a partner in December to build new Bontang refinery, Widyawati said.

Meanwhile, Pertamina will convert its Plaju and Dumai refineries to green refineries to produce palm-based fuels, Widyawati said, adding Pertamina will sign an agreement with Italian energy company ENI in December to help with the conversion.

As MRC informed before, in September 2018, Eni and PT Pertamina (Persero) signed in Porto Marghera, at Eni Green Refinery, a Memorandum of Understanding further expanding the relationship into green refinery.

Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta. It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957). Pertamina is the world's largest producer and exporter of liquefied natural gas (LNG).
Author:Margaret Volkova
Tags:crude and gaz condensate, Eni, Pertamina, Indonesia.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe