PT Pertamina is accelerating the implementation of the Refinery Development Master Plant (RDMP) for the Refinery Unit (RU) or Refinery V Balikpapan, East Kalimantan stages I and II in 2019 and 2021.
According to Pertamina's Director of Mega-Processing and Petrochemical Projects, Rachmad Hardadi, this project requires funds of US $ 2.6 billion or IDR 34 trillion. The refinery construction is for long-term investment, said Rachmad.
According to Rachmad, the Balikpapan oil refinery production capacity in the first phase of the RDMP project will be increased from 260 thousand barrels to 360 thousand barrels per day. In 2019, the refinery will manufacture fuel oil to the Euro 2 standard.
The second stage of the RDMP for the production of quality fuel with Euro 4 and Euro 5 standards is expected to materialize in mid-2021.
"In accordance with the needs of the community, the quality of the fuel will be improved. Funds for the development of this refinery come entirely from Pertamina. According to Rachmad, the RDMP RU V Balikpapan project has entered the demolition stage of several warehousing facilities. Pertamina is also building housing in the form of 24-floor apartments for employees. This apartment will be occupied by employees who initially live in the Parikesit housing estate, Balikpapan. However, they will be evicted into warehouses and workshops, ”.
Fadel Muhammad
Deputy Chairman of the Energy Commission of the House of Representatives, Fadel Muhammad, stated that it is time for Indonesia to become independent in producing fuel for domestic needs. According to him, local workers are capable of producing international standard fuel.
Pertamina will partner with foreign companies, such as TX Nippon Oil and Energy and Saudi Aramco. However, it was decided that Pertamina would implement it only.
Koran Tempo, Page-9, Monday, Oct 24, 2016
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