OIL REFINERY IN BONTANG

Name of Project

Bontang Refinery

Total Investment

Rp 197.586 Trillion

Description

Bontang Refinery is a refinery construction project in Bontang, East Kalimantan, aiming to produce fuel at the minimum of 235 thousand barrels per day. The refinery is planned to use a configuration system which includes system collaborations like petrochemicals system. The output of the refinery will be prioritized to satisfy domestic fuel demand.

PROJECT SIGNIFICANCE

Considering the need for fuel and the vision to achieve energy security, Indonesia needs to grow the domestic refinery industry. A combination of Grass Root Refineries (GRR) and Refinery Development Master Plan (RDMP) is needed to enhance the provision of crude oil and oil fuel in Indonesia to be able to reduce import dependence.

It is expected that the construction of Bontang refinery will not face significant issues in land procurement process because a 300 hectares area has been made available. In addition to that, the supporting infrastructure such as road access, jetty, etc., are also available.

Latest Status

Transaction Stage

Source Budget

–

Funding Scheme

State-Owned Enterprice(SOE)

Project Owner

PT Pertamina

Planned Commence Date

2019

Planned Commercial Operation

2025