5 days ago
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March 11, 2025 | 02:55 pm
TEMPO.CO, Jakarta - Indonesia will build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day, upgrading from a planned single refinery with a 500,000 bpd capacity, the energy minister said.
Last week, the government said it wanted to accelerate 21 natural resource processing projects worth $40 billion, including several coal gasification projects, building oil storage, and expanding its oil refining capacity.
Minister Bahlil Lahadalia said late on Monday, after a meeting with President Prabowo Subianto, that the planned capacity for the new refineries would be doubled to 1 million bpd. He said Indonesia currently imports around 1 million bpd of crude oil and fuel to meet domestic demand.
Indonesia also plans to build additional oil storage with a capacity of 1 million barrels to ensure energy security, Bahlil said.
Indonesia has, in recent years, moved to increase the processing of its natural resources onshore.
REUTERS
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