Indonesia Inaugurates Balikpapan Refinery Upgrade Worth $7.4 Billion
Indonesian President Prabowo Subianto inaugurated the Balikpapan refinery, which now reaches a capacity of 360,000 barrels per day. This upgrade aims to reduce the country’s dependence on fuel imports.
| Countries | Indonésie |
|---|---|
| Companies | Pertamina |
| Sector | Pétrole |
| Theme | Investissements & Transactions |
Pertamina, Indonesia’s state-owned oil company, has completed the upgrade of its Balikpapan refinery for an investment of $7.4 billion. This facility becomes the largest in the country with refining capacity increased from 260,000 to 360,000 barrels per day. President Prabowo Subianto officially inaugurated this project, which is part of the company’s efforts to increase its production capacity in response to growing energy demand.
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