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Pertamina targets refinery upgrade by end-2024

Indonesian NOC on track to complete Balikpapan expansion on schedule

Work to increase the capacity of Indonesia’s Balikpapan refinery from 260,000bl/d to 360,000bl/d are now more than 40pc complete, says NOC Pertamina The development will also raise the refinery’s Nelson Complexity Index rating to 8.8 from 4.4, meaning it will be able to produce more complex products, including those that meet Euro 5 quality standards. The expansion project “is one of the pillars of [Indonesian] energy independence”, says Pertamina. The upgraded refinery will have a greater “flexibility in processing economical crude oil available in the market”, the NOC adds. Pertamina has also committed to a relatively modest goal of 17pc “new and renewable” generation capacity by 2030,

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