Jakarta – Gradually starting by November 2015, PT Pertamina (Persero) will reduce imported premium, remembering that Residual Fluid Catalytic Cracking (RFCC) Unit Cilacap and Trans Pacific Petroleum Indonesia (TPPI) Refinery in Tuban will immediately operate. Both units will enable Pertamina to have premium additional production up to 91.000 barrel per day, each 30.000 barrel per day from RFCC Cilacap and 61.000 barrel per day from TPPI Refinery Tuban.
National premium consumption was about 29, 5 million KL, of which 17, 1 million KL per year or 9 million barrel per month are import. So, Pertamina is conducting breakthrough steps to reduce imported Premium. RFCC Cilacap and TPPI Refinery Tuban are some successful program that will be operated in the near future, explained the Vice President Corporate Communication Pertamina Wianda Pusponegoro.
Wianda stated that RFCC Cilacap has already been in final stage of commissioning. RFCC Cilacap is ready to commercially operate at least in the second week of October 2015. “RFCC Cilacap is 100% ready to commercially operate. Hopefully it will be officially operated by the second week of October. The operation of RFCC Cilacap will reduce 30.000 barrel of imported premium per day or 10, 95 million barrel per year or equivalent to 10% import,” said Wianda.
According to the advice of the Government, TPPI Refinery Tuban will start up by the end of September. Commercial operation of TPPI Refinery Tuban could be conducted within the period soon after the operation of RFCC Cilacap if premium production capacity for about 20.000 barrel per day.
The optimal capacity of TPPI Refinery Tuban could produce premium for about 61.000 barrel per day or about 22, 27 million barrel per year. The number is equivalent to 20 % of imported premium. “By the operation of those two units, the total potency of imported premium reduction reach 91.000 barrel per day or about 33, 21 million barrel per year by using the assumption of gasoline market index price for US$ 60 per barrel. It means that the amount of imported reduction reached US$ 1, 99 billion within a year,” said Wianda.
Source: ESDM
Govt to Hold Bilateral Meetings With OPEC States in Vienna
Jakarta - The government is scheduled to hold bilateral talks with oil-producing nations on the sidelines of the annual Organization of the Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, this week.
Global Oil Prices Drop as US Supplies Increase
Jakarta - Global oil prices decrease on Thursday, October 22, 2015, following the increase in the United States crude supply, which raises concern on excessive global crude supplies.
Palu - State-owned oil and gas company, Pertamina will build a gas power plant in Palu city, Central Sulawesi province.
Website Policy and Disclaimer. The information contained in this website is for general information purposes only. The information is provided by PT. Patra SK and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Through this website you are able to link to other websites which are not under the control of PT. Patra SK. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Every effort is made to keep the website up and running smoothly. However, PT. Patra SK takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
© 2014 PT PatraSK All rights reserved