Pertamina to Build US$9.7 B Oil Refinery

Jakarta (Antara Bali) - The government has told state oil and gas company PT Pertamina to build an oil refinery with a processing capacity of 300,000 barrels of crude oil per day.

The project to cost around Ro90 trillion (US$9.7 billion)  will be financed with fund from the state budget, Oil and Gas Director General Edy Hermantoro said here on Tuesday.

The government will have a participating capital in the project, Edy said here on Tuesday.

Pertamina, which owns all six oil refineries in the country,  has the competence and experience in building as well as in operating  oil refineries, he added.

"Pertamina knows all about the specifications of refinery  and  types of oil products. Pertamina needs only to collaborate with us," he said. (IGT)