Indonesia Highlights: Indonesian FPI Chief Apologizes for Large Crowds at Rallies | Indonesian Counterterrorist Police Nab Suspected Terrorists Throughout Sumatra | Indonesian State Owned Oil Company Pertamina to Close A Number of Oil Refineries

The Pertamina state owned oil company is set to shut down a number of oil refineries, as it continues its efforts at streamlining and cutting costs.

“(Pertamina) has decided to shut down the refineries as they were deemed very inefficient,” said Pertamina President Commissioner Basuki Tjahaja Purnama alias Ahok on Wednesday, December 2. “They are also part of our efforts to integrate the refineries with petrochemical products.”

The former Jakarta Governor added that the refineries earmarked for integration with petrochemical products included the Balongan and Tuban refineries.

“Hopefully, our push to integrate the refineries with (petrochemical products) would encourage investors to invest in petrochemical refinery complexes. Pertamina is ready to partner with them, even as minority shareholders,” he asserted.

Ahok encouraged investors to supply Pertamina with crude oil that it will buy at market prices. To date, Pertamina plans to increase the capacity of four oil refineries, and develop a new oil refinery.

Source:
https://money.kompas.com/read/2020/12/02/214000126/ahok--mungkin-beberapa-kilang-pertamina-akan-ditutup-.