Storage tanks at a Pertamina refinery
Pertamina targets refinery upgrade by end-2024
Indonesian NOC on track to complete Balikpapan expansion on schedule
Work to increase the capacity of Indonesia’s Balikpapan refinery from 260,000bl/d to 360,000bl/d are now more than 40pc complete, says NOC Pertamina The development will also raise the refinery’s Nelson Complexity Index rating to 8.8 from 4.4, meaning it will be able to produce more complex products, including those that meet Euro 5 quality standards. The expansion project “is one of the pillars of [Indonesian] energy independence”, says Pertamina. The upgraded refinery will have a greater “flexibility in processing economical crude oil available in the market”, the NOC adds. Pertamina has also committed to a relatively modest goal of 17pc “new and renewable” generation capacity by 2030, up
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
