Build Refinery, Pertamina Continue to Seek Funding

PT Pertamina is trying to find funding so that the refinery project can proceed as planned. Therefore, Pertamina is currently financially tight because it has to finance projects from upstream to downstream. Pertamina's Finance Director Arief Budiman stated that one of the funding that Pertamina is taking is to do project financing with ratio between 40:60 or 30:70.

Pertamina also has held a market sonding for modernization project of Balikpapan refinery and new plant in Tuban. "Because our Balikpapan refinery project is done by ourselves, we are quite fast," said Arief, Tuesday (13/6).

Arief claims, from the sounding market there are already interested and will bid. However beIum can be decided because the technical process has not been completed. "Usually after engineering is clear all, so, after that can be closed," he said.

While waiting for the project financing process to finish, Pertamina also use internal funds or other loans in advance for the initial cost for the refinery project. 

    Outside of internal funding, Pertamina can actually get funding for refinery projects by issuing bonds, requesting State Investment / PMN or government loans. "We try not to ask for PMN. That's for sure. If warranty, maybe. If you ask for PMN, we have many loads, "he said.

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Bangun Kilang, Pertamina Terus Mencari Pendanaan

PT Pertamina sedang berusaha mencari pendanaan agar proyek kilang bisa terus berjalan sesuai rencana. Sebab, saat ini keuangan Pertamina cukup ketat karena harus membiayai proyek mulai dari hulu hingga hilir.  Direktur Keuangan Pertamina, Arief Budiman menyatakan, salah satu pendanaan yang ditempuh Pertamina adalah dengan melakukan project financing dengan rasio untuk antara 40:60 atau 30:70. 

Pertamina pun sudah menggelar market sonding untuk proyek modernisasi kilang Balikpapan dan kilang baru di Tuban. "Sebab proyek kilang Balikpapan kami lakukan sendiri. Kami sudah agak cepat. Terus yang proyek Kilang Tuban kami market sounding juga bersama mitra kami," kata Arief pada Selasa (13/6).

Arief mengklaim, dari market sounding tersebut sudah ada tertarik dan akan mengajukan penawaran. Namun beIum bisa diputuskan karena proses teknis belum selesai. "Biasanya setelah engineering sudah jelas semua, sudah jadi, setelah itu bisa closed," ujarnya.

Sambil menunggu proses project financing selesai, Pertamina pun menggunakan dana internal atau pinjaman lainnya terlebih dahulu untuk biaya di awal untuk proyek kilang. 

     Di luar pendanaan internal, Pertamina sebenarnya bisa mendapatkan pendanaan untuk proyek kilang dengan cara menerbitkan obligasi, meminta Penanaman Modal Negara/PMN atau pinjaman pemerintah. “Kami upayakan tidak minta PMN. Itu yang pasti. Kalau garansi, mungkin saja. Kalau minta PMN, beban kami sudah banyak," kata dia.

Kontan, Page-14, Thursday, June 15, 2017.