Pertamina to reduce imports: New president director

Jakarta (ANTARA News) - Indonesias state-owned oil company PT Pertamina will focus on reducing imports, refinery construction, and implementation of Biosolar B20 program, newly inaugurated President Director Nicke Widyawati said here on Wednesday.

She stated at a press conference that the three targets were a short-term plan that Pertamina would carry out until the end of this year, adding that Pertamina would reduce imports that have become bigger this year.

According to data of the Central Bureau of Statistics, imports of oil and gas from January to June 2018 jumped 20.82 percent from US$11.62 billion to $14.04 billion.

Widyawati noted that she would also realize the development of oil refineries.

At present, Pertamina is building six refineries, including four Refinery Development Master Plan in Cilacap (Central Java), Balikpapan (East Kalimantan), Balongan (West Java), and Dumai (Riau) and two Grass Root Refinery (new refinery) in Tuban (East Java) and Bontang (Central Kalimantan).

The third plan to be realized immediately is implementing the mandatory use of biodiesel B20.

Pertamina will sell biodiesel with a 20 percent biofuel content at its filling stations.

Source: ANTARA News