JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia hopes that the Anagata Nusantara Power Investment Management Agency (BPI Danantara) can channel financing not only to mineral and coal downstream projects (minerba) but also to natural oil and gas (oil and gas) projects. The project that Bahlil wants to target is a refinery project.
Moreover, he said, currently Indonesia has a special regulation that regulates energy security in the form of Presidential Decree No. 96 of 2024 concerning Energy Supporting Reserves. Meanwhile, Indonesia's oil resistance is currently at the level of 21 days and the government plans to increase Indonesia's energy security level to reach 30 days.
On the other hand, oil imports are still relatively high, so there needs to be a oil processing facility (refinery) or refinery.
"Our import of oil is a lot, so we encourage to build a refinery," said Bahlil, quoted on Thursday, February 27.
Bahlil assessed that Indonesia's refinery facilities would have stronger oil reserves. However, the construction of a refinery facility requires a lot of money.
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"This requires a large investment, that's why in downstreaming, one of the projects we will encourage to report to the President is storage for fuel and refinery," explained Bahlil.
For this reason, Bahlil said he would immediately meet with President Prabowo Subianto to reveal the plan.
"I'll report it later after receiving feedback or instructions from the President," said Bahlil.
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