BALIKPAPAN - President Prabowo Subianto inaugurated the largest oil refinery project in Indonesia, the Balikpapan Refinery Development Master Plan (RDMP), East Kalimantan, today, Monday, January 12, 2026.
For your information, the Balikpapan Refinery RDMP project is one of the National Strategic Projects (PSN), where this project involves an investment of 7.4 billion US dollars or equivalent to Rp. 126 trillion. This project is one of the largest investments made by SOEs in one point of activity to reduce the import of Fuel Oil (BBM).
"By saying bismillahirrahmanirrahim, I, Prabowo Subianto, President of the Republic of Indonesia, hereby inaugurate the integrated energy infrastructure of Pertamina RDMP Balikpapan," said Prabowo, Monday, January 12.
In his statement, Prabowo said he was happy and proud because this giant refinery in East Kalimantan was the second refinery project after the inauguration of the Balongan Refinery 32 years ago.
"Of course I welcome it happily and feel very proud of what we have achieved today at this inauguration and I thank all elements, all parties, the personnel working hard so that we can achieve this," explained Prabowo.
For information, this national strategic project which has been built since 2019, is an important milestone in the development of integrated national energy infrastructure. The project includes a system for receiving crude oil, processing, and supporting the reliability of the entire energy supply chain.
This project with a total investment equivalent to IDR 123 trillion is to modernize existing refineries, so that it will increase the capacity of oil processing, produce high-quality and environmentally friendly fuels, encourage the downstream petrochemical industry, and strengthen national energy resilience.
In addition to producing environmentally friendly fuels, the Balikpapan Refinery will also process the existing residues to produce high-value chemical industrial products such as propylene and ethylene. These two products are highly needed by the domestic petrochemical industry as raw materials that have been lacking in supply and are met by demand through imports.
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