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Jakarta Post

Govt seeks to end fuel imports by 2026, expects Pertamina to boost production

  • Norman Harsono

    Jakarta

PREMIUM
Jakarta   /   Mon, November 23 2020   /  01:00 am
Clean energy: A gas station worker in the West Papua city of Bintuni serves his customers. The government is promoting biofuels such as B30 biodiesel to reduce the country's dependency on fossil fuels.(JP/Jerry Adiguna)

The government has encouraged state-owned oil giant Pertamina to increase domestic oil production while the country reduces consumption in order that Indonesia can stop importing the commodity by 2026 in an effort to curb the oil and gas trade deficit. The Energy and Mineral Resources Ministry expects Pertamina to complete five multi-billion dollar refinery projects between 2022 and 2026. The refineries will produce oil-based fuel and biofuel. “By 2026, fuel demand and production will be equal,” the ministry’s freshly appointed oil and gas director general, Tutuka Ariadji, told lawmakers at a hearing in Jakarta on Nov. 16. The government is on a campaign to lower Indonesia’s oil and gas trade deficit, which undermines the rising overall trade surplus recorded by the country so far this year. Indonesia’s oil and gas imports amounted to US$1.08 bil...