Indonesia's state energy firm Pertamina has restarted a refining and petrochemical complex in East Java province owned by TPPI, in a move aimed at reducing the country’s imports of oil products and chemicals, as per Reuters. The restart could help reduce the current account deficit in Indonesia, where import costs have been rising due to a weak rupiah.
Pertamina has signed an agreement with plant operator TPPI to use the facility for six months. The plant had been idled for nearly two years due to heavy debts at TPPI. During the six-month agreement, the plant will process 55,000 to 80,000 barrels of condensate per day (bpd) and will produce about 1.5 million barrels of gasoil and fuel oil, 36,000 tons of liquefied petroleum gas (LPG) and 2.8 mln barrels of light naphtha. A total of 530,000 tons of petrochemicals will also be produced. The designed capacity of the condensate splitter is 100,000 bpd. The restart has also tightened condensate supply in the region. Besides using Indonesian Senipah and Bontang Return condensate, Pertamina's trading arm, Petral, has bought 1.2 million barrels of Australian North West Shelf (NWS) condensate, which will arrive by mid-November.
18-Nov-13 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}