Pertamina ready to invest Rp52.8 trillion

Pertamina ready to invest Rp52.8 trillion

Karen Agustiawan. (ANTARA)

Jakarta (ANTARA News) - PT Pertamina will invest Rp52.8 trillion which will be divided into 80 percent for upstream and 20 percent for downstream projects.

"The projects are part of the MP3EI (master plan for acceleration and expansion of Indonesian economic development) projects for supporting energy infrastructure development across Indonesia," Pertamina president director Karen Agustiawan said here on Monday.

She said several of the projects include a Floating Storage Regassification Unit (FSRU) in West Java which is expected to start operating in April 2012 with a capacity of three million metric tons a year or 400 million cubic feet per day (MMSCFD).

Another project is the Residual Fluid Catalytic Cracking (RFCC) Refinery in Cilacap, Central Java, that will increase the capacity of the refinery to 411,000 barrels a day.

Pertamina together with ExxonMobil has also carried out the development of a production facility in Cepu Block which is expected to be operational in 2014 with a production capacity of 165,000 barrels of oil per day (BOPD).

Pertamina has set a sales target of 596,000 kilo liters in 2012 which is increasing by 5.4 percent compared to the 2011 sales prognosis that reached 565,430 kilo liters.

The sales prognosis for 2011 is an increase of 13 percent compared to the 2010 sales and part of it is contribution from a rise in Pertamina exports of lubricating oils.

The sales of Non-PSO retail fuel oils in 2012 is expected to reach 1.7 million kilo liters or to increase by 21 percent compared to the sales prognosis of 2011 at 1.4 million kilo liters.
(T.KR-SSB/Uu.H-YH/HAJM/S012)

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