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Pertamina Balikpapan refinery upgrade to finish in 2024
State-owned oil giant Pertamina has secured equipment and a land-use permit to ensure the Balikpapan refinery upgrade will finish on time.
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Pertamina's Balikpapan refinery, pictured above on Jan. 8, 2022, is being upgraded to improve its capacity and the fuel it produces. (Pertamina/Pertamina)
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tate-owned oil giant Pertamina has secured equipment and a land-use permit to ensure the Balikpapan refinery upgrade will be finished on time.
Progress on the project in Balikpapan, East Kalimantan, which is part of the refinery development master plan (RDMP), amounted to 47 percent in December 2021.
The revamp of the main production unit is slated to finish by October 2023, while the facilities for residual fluid catalytic cracking (RFCC) and gasoline block production are targeted to be finished by March 2024 and November 2024, respectively.
Pertamina president director Nicke Widyawati expressed optimism about completing the project on time, noting that Pertamina had addressed major issues that would affect the project progress, including land use permission and engineering.
“Pertamina continues to pursue the project’s completion to increase [refining] capacity and improve refinery processing,” Nicke told reporters at the RDMP Balikpapan project site on Saturday.
RDMP Balikpapan construction began on Dec. 10, 2018, with the signing of an engineering, procurement and construction (EPC) contract.
The construction is being carried out in cooperation with four domestic and foreign companies, including South Korea’s Hyundai Engineering Co. Ltd. and SK Engineering and Construction Co. Ltd. as well as state-owned construction companies PT Rekayasa Industri and PT PP.
