Jakarta, Sept 22 (ANTARA News) - PT Pertamina (Persero) and Eni signed a Memorandum of Understanding on integrated cooperation in the downstream sector, namely the potential for environmental-friendly refinery development and trade business opportunities.

The signing was carried out by Pertamina`s Managing Director, Nicke Widyawati, and Eni`s Chief Refining and Marketing Officer, Giuseppe Ricci, and witnessed by State Owned Enterprise (SOE) Minister, Rini M Soemarno, at Porto Marghera, Venice, Italy.

Widyawati, in a written statement received by Antara in Jakarta on Saturday, explained that this collaboration is part of Pertamina`s commitment to provide environmental-friendly fuels.

In addition, it is also aimed at optimizing domestic natural resources to create national energy security, independence, and sovereignty.

Pertamina cooperates with Eni because of its success in converting conventional refineries into a bio-refinery in Porto Maghera in 2014 and becoming the pioneer of the world`s first refinery conversion.

"We will explore the potential for similar conversions for the development of refineries in Dumai and Plaju, given the refinery is adjacent to the source of green-fuel raw materials, namely palm oil. In this case, too, as a form of SOE synergy, Pertamina will establish cooperation with PTPN," Widyawati noted.

In addition, Widyawati assessed that the collaboration with Eni in the development of this environmental-friendly refinery is also in line with Pertamina`s commitment to running the B20 distribution program from the government.

"In addition to exploring cooperation in developing refineries with Eni, we will also explore cooperation with PTPN to supply palm oil as a green-fuel raw material, so that the fuel sold remains affordable for the people of Indonesia," he explained.

Eni has been operating in Indonesia since 2001 by conducting exploration and production in the Jangkrik field, which has been operating since 2017, with 55 percent ownership in the Muara Bakau block. *** 3 ***

Reporting by Afut Syafril Nursyirwan



(T.SYS/A/KR-BSR/A/R013) 22-09-2018 18:20:07

Reporter: environmentally friendly refin
Editor: Eliswan Azly
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