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Pertamina to build first new refinery since 1997

Indonesian state-run energy giant Pertamina will build its first refinery since 1997. The company will team up with Russia’s Rosneft to build the facility in East Java, with an outlay of as much as $13bn.

The refinery is slated to be completed by 2021. The new refinery will have a capacity to process 300,000 barrels of crude a day.

Pertamina is hoping to get additional production of 35,000 barrels of oil a day and a reserve of 200m barrels from acquiring interests in several oil fields in Russia, the company’s senior management said at a press conference in Jakarta yesterday.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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