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Pertamina to import 16 percent more crude oil
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A worker riding bicycle passes through an area at Balongan oil refinery facility owned by state-owned energy company PT Pertamina in Indramayu, West Java. (Antara/Rivan Awal Lingga)
State-owned energy company Pertamina plans to increase its crude oil imports by 15.96 percent to 155.39 million barrels in 2017.
The crude oil will mostly come from the company's operations in overseas fields, said Pertamina Integrated Supply Chain (ISC) senior vice president Daniel Purba on Friday.
Currently, the company has overseas operations in Iraq, Algeria and Malaysia.
"From Algeria and Malaysia we produce around 1 million barrels per month," Daniel said at a press briefing in Jakarta on Friday.
In 2016, Pertamina received 43,700 barrels of oil equivalent per day (boepd) from Iraq, while in Algeria and Malaysia it received 41,130 and 35,770 boepd. However the production in Iraq had to be refined in Shell's facilities in Singapore as Pertamina does not have suitable refineries.
"We will also decide whether we can import crude oil from Iran after the suitability test results come out next week," he added.
The company also aims to get 181.35 million barrels of crude oil supply from domestic suppliers including from internal production units. The domestic crude supply target is an increase of 2.69 percent from 176.6 million barrels in 2016.
"We will increase the production capacity of our refineries, in Cilacap, we usually produce 100,000 barrels per day, but we can make full utilization and produce 120,000 barrels per day," Daniel said.
From the crude oil Pertamina will produce 253.57 million barrels of fuel including gasoline, diesel and avtur (airplane fuel), while the total fuel demand in 2017 is expected to be 405.2 million barrels. (bbn)
