Storage tanks at a Pertamina refinery
Pertamina targets refinery upgrade by end-2024
Indonesian NOC on track to complete Balikpapan expansion on schedule
Work to increase the capacity of Indonesia’s Balikpapan refinery from 260,000bl/d to 360,000bl/d are now more than 40pc complete, says NOC Pertamina The development will also raise the refinery’s Nelson Complexity Index rating to 8.8 from 4.4, meaning it will be able to produce more complex products, including those that meet Euro 5 quality standards. The expansion project “is one of the pillars of [Indonesian] energy independence”, says Pertamina. The upgraded refinery will have a greater “flexibility in processing economical crude oil available in the market”, the NOC adds. Pertamina has also committed to a relatively modest goal of 17pc “new and renewable” generation capacity by 2030, up
Also in this section
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
