Indonesia officially opens upgraded Balikpapan refinery

Indonesian President Prabowo Subianto has officially inaugurated Pertamina’s upgraded Balikpapan refinery in East Kalimantan province, representing a major boost to the country’s oil refining capacity. This $7.4bn upgrade is managed by Kilang Pertamina Internasional and aims to strengthen Indonesia's energy independence by expanding domestic refining capabilities. The facility, now capable of processing 360,000 barrels per day (bpd), up from its previous 260,000 barrels, is the largest refinery in Indon ...