Pertamina says it will build refinery in Tuban

Indonesia’s state-owned oil and gas company PT Pertamina will build a 200,000 barrel per day (bpd) refinery in Tuban, East Java, to meet increasing domestic demand for petroleum products. The project is expected to be completed by 2014. According to Pertamina Finance Director Ferederick Siahaan, the investment required for the proposed project is expected to reach US$3 billion. Pertamina Marketing Director Achmad Faisal said the company plans to build an additional 400,000 bpd of refining capacity in Indonesia. “There are plans to build a refinery in Banten province with a capacity of 150,000 bpd and we will expand Balongan refinery by 200,000 bpd in the future,” Faisal said. (February 11/12, 2009)