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Speaking to the press after a meeting to discuss the oil refinery projects here Monday, the minister said, through the OPEC network, Indonesia was hoping to get crude oil from Middle Eastern countries.
"It was decided at the meeting just now, the energy and mineral resources ministry will take the lead in seeking crude suppliers with the assistance of state oil company Pertamina," he said.
The government was planning to build three new oil refineries with a combined capacity of 650,000 barrels per day over the next few years until 2017.
The first refinery would be set up in Balongan (West Java) with a capacity of 200,000 barrels per day and be completed in 2014. It would produce 103,182 barrels of premium, 53,981 barrels of kerosene, and 103,315 barrels of diesel oil per day.
The second refinery, named Banten Bay Refinery, would be located in Bojanegara, Banten, have a capacity of 150.000 barrels per day and be completed in 2015. It would turn out 42,194 barrels of premium, 30,223 barrels of kerosene and 57,758 barrels of diesel per day.
The third refinery, named East Java Refinery would be built in Tuban, East Java, have a capacity 200,000 barrels per day and become operational in 2017. This facility would produce 74,952 barrels of premium, 31,973 barrels of kerosene and 51,022 barrels of diesel per day.
Yusgiantoro did not explain how the government woud finance the projects, saying only the funds needed would run in the trillions of rupiah while the efforts to raise the money would be coordinated by state-owned oil company Pertamina in cooperation with the energy and mineral resource ministry and the Capital Investment Coordinating Board (BKPM).
Meanwhile, Pertamina`s director for market and commercial affairs , Achmad Faisal, said the three planned refineries would significantly reduce the country`s need for imported fuel oils.
For instance, the need for imported premium gasoline would drop from 30 percent (of domestic consumption) in 2009 to 15 percent in 2017, he said.
In 2009, domestic need for premium reached 123 million barrels while refineries at home only produced 68 million barrels. In 2017, however, with domestic need for premium estimated to total 192 million barrels, refineries at home would produce 164 million barrels.
In the case of diesel oil, Pertamina was expecting the country to have a surplus and the ability to export diesel oil starting in 2015.
At present, Pertamina had six oil refineries with a combined fuel oil production capapcity of 1.031 million barrels per day. The last refinery built by Pertamina was its Balongan facility in Indramayu which became operational in 1994.
(ANTARA)lm
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