Pertamina Considering Adding a Partner for Balikpapan Refinery Upgrade Project

Reuters, May 23, 2018

Indonesia’s state energy firm PT Pertamina will consider looking for a partner to upgrade its Balikpapan Refinery in East Kalimantan, acting Chief Executive Nicke Widyawati said on Wednesday.

We are doing it ourselves for now, but along the way, we are open to the option of partnering,” she told reporters, adding that a few foreign companies have expressed interest. Pertamina started upgrading the 260,000 bpd refinery last year and hopes to finish construction by 2021.

(Reporting by Jakarta bureau; Writing by Gayatri Suroyo, Editing by Sherry Jacob-Phillips)

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