6 investors have shown interest to construct an oil refinery in Bontang, East Kalimantan, stated Deputy Finance Minister Bambang Brodjonegoro. "The 4 investors who have conducted consultations are from Japan, while the other one is B (British Petroleum). I am not able to recollect the country of origin of the other
6 investors have shown interest to construct an oil refinery in Bontang, East Kalimantan, stated Deputy Finance Minister Bambang Brodjonegoro.
"The 4 investors who have conducted consultations are from Japan, while the other one is B (British Petroleum). I am not able to recollect the country of origin of the other one," he noted.
Bambang emphasized that the government plans to hold a detailed meeting with the six investors before preparing an international tender to finalize the permanent investor for the refinery project on the 500-hectare plot of land.
The project worth US$7.6 billion (Rp$ 90 trillion) will be a step towards achieving the government's self-sufficiency target in the domestic market by 2022.
Currently, Indonesia imports 30% of its needs for oil-processed products. The import trend is forecast to further increase, unless more refineries are built in the country.
The project being offered is actually a public-private cooperation scheme wherein foreign and domestic investors can build and operate the project to meet market needs, he added.
He reported that the distribution of jobs and responsibilities of various stakeholders who will be involved in the project as well as other concerned parties will be settled in the next few months.