Pertamina Aims to Achieve Oil Independence

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  • Direktur Utama Pertamina, Dwi Sutjipto. TEMPO/Tony Hartawan

    Direktur Utama Pertamina, Dwi Sutjipto. TEMPO/Tony Hartawan

    TEMPO.CO, Jakarta - PT Pertamina president director Dwi Sutjipto targets the company’s national oil production to reach 1.68 million barrels per day by 2025, which are enough to meet national oil needs. “Starting from exploration to processing, we have created mapping to meed the people’s needs,” said Dwi on Wednesday.

    Pertamina will reach the target through reforming four refineries in Plaju, Balongan, Balikpapan and Cilacap. The reform will begin in 2016 and involves cooperation from three foreign oil companies which are JX Nippon from Japan, China Petrochemical and Energy from China and Saudi Aramco from Saudi Arabia.

    Meanwhile, Pertamina processing director Rahmad Hardadi said Pertamina will build new refineries, one of them in Bontang, East Kalimantan. The 500-hectare refinery is expected to boost production by 300,000 barrels per day.

    In order to increase production, Dwi also hoped the government give Pertamina a chance to manage expired oil wells, such as the one in Mahakam Block whose management under Total E&P Indonesia will end in 2017. “We will work hard,” said Dwi.