JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) said that the Indian company, Essar Group, is interested in investing in Indonesian refineries, one of which is the Dumai Refinery.
"Yesterday, the Minister (ESDM) Bahlil Lahadalia mediated to meet directly with Pertamina in a b2b (inter-business) manner," said the Director General of Oil and Gas (Dirjen Migas) of the Ministry of Energy and Mineral Resources, Laode Sulaeman, quoted by Antara.
Laode considers the refinery revitalization project to be a good step, on the other hand, the presence of investors who want to invest in domestic refineries is also a good thing.
Therefore, the Ministry of Energy and Mineral Resources has bridged the communication between prospective investors, which in this case is the Essar Group, with Pertamina as the manager of the refinery that already exists in the country.
"Later there will be follow-up from there regarding how to optimize refineries in the country," said Laode.
However, he could not confirm whether Essar Group would invest in the RDMP (Refinery Development Master Plan) program or the revitalization of the Dumai Refinery.
He emphasized that at this time it was only entering the discussion stage and there were still further discussion stages before determining which refinery Essar Group would invest in.
"There will be another meeting to discuss it," said Laode.
The PT Kilang Pertamina Internasional (KPI) Refinery Unit II Dumai oil refinery, Riau Province, has a total capacity of 170 thousand barrels per day (MBOPD) with product output being solar, avtur, Pertalite, Pertadex, MFO-LS, LSFO, UCO, NBF, smooth fluid, LPG, and green coke.
After the inauguration of the Balikpapan Refinery revitalization, Minister of Energy and Mineral Resources Bahlil Lahadalia said that he would develop storage capacity at other refineries, such as the Dumai Refinery.
Furthermore, he said the government would use a cooperation scheme between PT Pertamina and the private sector in the refinery revitalization project or refinery development master plan (RDMP) Dumai Refinery.
The purpose of the cooperation, he continued, is energy resilience for the country, as well as benefits for Pertamina and the private sector through cooperation.
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