Pertamina: Cilacap Refinery Finished in the First Quarter of 2020

The management of PT Pertamina (Persero) still expects to work on the Cilacap Refinery Development Master Plan (RDMP) project with the Saudi

Saudi Aramco

Aramco. However, the discussion process is still focused on the selection of cooperation schemes and the valuation of existing assets. 

     Pertamina's President Director Nicke Widyawati said that his party offered the option of cooperation such as the Balikpapan Refinery. Therefore, there was no need for a spin-off so that Pertamina and Saudi Aramco would build new facilities without including existing access.

Nicke Widyawati

"Cooperation with Aramco is still ongoing, now there are other options for the cooperation model. So the second cooperation model is like in Balikpapan," Nicke said.

If this scheme is implemented, Pertamina and Aramco can establish a subsidiary that will operate the refinery. Next, determine the toll fee scheme. Certainly, this cooperation scheme can be obtained in the first quarter of 2020.

"It will build a new refinery. The existing refinery will be operated, but later the scheme will be with a toll fee. Same as Balikpapan. So this will be continued and we are targeting that in the first quarter of 2020 it must be finished," explained Nicke.

Luhut Binsar Panjaitan

The option of collaborating with a scheme like this was rolled out because Pertamina and Aramco did not also find an agreement regarding asset valuation because there was still a difference in value between the two. Previously, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan revealed the valuation calculation still left a difference in the value of around US $ 1.5 billion.

IN INDONESIA

Pertamina: Skema Kilang Cilacap Kelar Kuartal I 2020

Manajemen PT Pertamina (Persero) masih mengharapkan bisa menggarap proyek Refinery Development Master Plan (RDMP) Kilang Cilacap bersama Saudi

Aramco. Namun, proses pembahasan masih berkutat pada pemilihan skema kerjasama dan valuasi aset existing. 

   Direktur Utama Pertamina, Nicke Widyawati mengatakan, pihaknya menawarkan opsi kerjasama seperti di Kilang Balikpapan, Dengan begitu, tidak perlu spin-off sehingga Pertamina dan Saudi Aramco akan membangun fasilitas baru tanpa menyertakan akses existing. 

"Kerjasama dengan Aramco masih berlangsung, sekarang ada opsi lain dari model kerjasama. Jadi model kerjasama kedua adalah seperti di Balikpapan," kata Nicke.

Jika skema ini diterapkan, maka Pertamina dan Aramco bisa mendirikan anak usaha yang akan mengoperasikan kilang tersebut. Selanjutnya, penetapan skema toll fee. Kepastian skema kerjasama ini sudah bisa diperoleh pada kuartal I 2020. 

"Akan membangun kilang baru. Kilang existing akan dioperasikan, tapi nanti skemanya dengan toll fee. Sama seperti Balikpapan. Jadi ini yang akan dilanjutkan dan kita targetkan di kuartal satu tahun 2020 harus sudah selesai," terang Nicke.

Opsi kerjasama dengan skema seperti ini bergulir lantaran Pertamina dan Aramco tidak juga menemukan kata sepakat terkait valuasi aset lantaran masih ada selisih nilai di antara keduanya. Sebelumnya, Menteri Koordinator Kemaritiman dan Investasi Luhut Binsar Panjaitan mengungkapkan perhitungan valuasi masih menyisakan perbedaan nilai sekitar US$ 1,5 miliar.

Kontan, Page-14, Saturday, Dec 14, 2019