National oil firm still keen on Indon refinery

JAKARTA: Petroliam Nasional Bhd (Petronas) is still interested in building a refinery in Indonesia with state oil company Pertamina, a Petronas official said yesterday.  

Indonesia has for some time tried to attract foreign investors to build new refineries to meet domestic demand, but oil prices have put off investors. The government keeps prices below global market levels. 

Indonesia has nine oil refineries scattered across the archipelago with a total combined capacity of around 1 million barrels per day (bpd), but 30% of its oil products consumption is still imported. 

Petronas has been in talks with Pertamina to build a refinery, but there has been no deal yet. 

“With Pertamina, we can work together in many areas, hopefully, in processing and building a refinery,” said Datuk Anuar Ahmad, vice-president of oil business at Petronas.  

Pertamina processing director Suroso Atmomartoyo said the company was looking for a partner to build a refinery in East Java. – Reuters 

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