Ensuring LPG Supply, Pertamina Collaborates with ADNOC

 

    Pertamina ensures that it gets LPG and Sulfur supplies from the Abu Dhabi National Oil Company (ADNOC) after Pertamina signs the LPG and Sulfur Sales Confirmation Agreement, the signing of the collaboration between the Vice President Trading & Other Business Sub Holding Commercial & Trading (SH C&T) PT Pertamina (Persero), Maya Kusmaya with ADNOC Senior President International Relations, Salem Al Meheiri in the Business Forum Indonesia - Emirates Amazing Week (IAEW), witnessed directly by the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Panjaitan and the United Arab Emirates (PEA) Minister of Energy and Infrastructure ), Suhail Al Mazroeui.

ADNOC

    Meanwhile, the national demand for LPG in 2022 is estimated to reach 8.30 million tons, increasing to 9.12 million tons in 2023 and 10.01 million tons in 2024. 

    Director of Central Marketing & Commerce PT Pertamina Patra Niaga, SH C&T PT Pertamina (Persero), Hasto Wibowo revealed that this collaboration ensures the safety of the national LPG supply which is projected to continue to increase every year.

"Currently, the balance of national LPG import needs reaches 6 million tons per year. Hopefully, with this cooperation Pertamina can expand supply sources and maintain supply stability," said Hasto.

Bhirawa, Page-10, Monday, March 8, 2021

Investment Management of Pertamina Refinery Project

      Coordinating Ministry of Maritime and Pertamina Investment Management of Pertamina Refinery Project

The Maritime and Investment Coordinating Ministry will oversee all the refinery projects worked on by PT Pertamina (Persero). This follows the continued refurbishment of the Pertamina refinery project with its two partners, Saudi Aramco and Overseas Oil and Gas (OOG) Llc.

Deputy of Maritime Sovereignty and Energy of the Coordinating Ministry of Maritime Affairs and Investment Purbaya Yudhi Sadewa said the refinery project will continue. Regarding the withdrawal of two Pertamina partners from the national refinery project, this does not mean that the interest of international oil and gas companies to work on refinery projects is minimal.

"I am still optimistic that refinery investment will continue if it is well guarded," he said.

CPC Corporation - Taiwan

He recounted that he participated in overseeing one of the Pertamina refinery projects in Balongan, West Java Province, which is a refinery project that processes crude oil into petrochemical products. He continued to convince Taiwan Petroleum Corporation (CPC) of Taiwan to continue working with Pertamina. In fact, with the fall in oil prices, some companies actually withhold investment.

For information, at the end of last week, Pertamina and CPC signed the Head of Agreement / HoA for the development of the Integrated Petrochemical Industry Complex in Balongan. The petrochemical project is targeted to start operating in 2026. Purbaya said that the refinery project has many obstacles. One of them is the oil and gas mafia which complicates the construction of refineries.

oil and gas mafia

"I realize that investing in refineries is huge. We are dealing with oil and gas mafia. We are escorted. This can take place well, "he said.

Meanwhile, Energy Observer from Trisakti University Pri Agung Rakhmanto revealed, the investor's decision to invest in a project is very dependent on the return on investment from the project. If the return on investment offered falls within their criteria and there is a guarantee of certainty, investors will also work on the project.

"That's the principle. As long as there are no bright spots, investors will look for other investments, "he stressed.

He suggested, because Indonesia, which needed this investment, should be able to provide a guaranteed rate of return on investment for the refinery project. Moreover, the partnership between Pertamina and other oil and gas companies will facilitate the completion of the refinery project.

"If it can be a partnership, why should it be alone? If in business and investment, partnerships will not only strengthen but also for risk sharing, "explained Pri Agung.

Previously, in February, Pertamina said that it would not continue to work together on the development of the Bontang Refinery with OOG. Pertamina and OOG did not extend the framework agreement / FWA which formed the basis for the two companies to form a joint venture.

Pertamina also did not continue to cooperate with Saudi Aramco in the project of upgrading and upgrading the Cilacap Refinery. The reason is that the oil and gas company originating from Saudi Arabia is still focused on working on other projects, while Pertamina hopes to be able to work on the refinery project soon.

Still interesting

Purbaya added, oil and gas companies are still interested in working on refinery projects in Indonesia. One of them is that there is a company from China that plans to build a refinery. Unfortunately, Purbaya claimed not to know the details of the refinery project, including its capacity.

"There is a Chinese company asking for our approval to support the investment of US $ 6 billion-US $ 8 billion in the Batam, Riau Islands region," he said.

According to him, it is likely that the Chinese company will work on the refinery project itself, aka not cooperating with Pertamina. However, for the sale of refinery products, it is possible that the company will cooperate with Pertamina.

"But they say they can also sell international markets. Therefore the choice is in the Riau Islands Region, near international shipping lines, "said Purbaya.

In addition, Purbaya added that investment interest in the national refinery project was also conveyed by companies from the United Arab Emirates (UAE), namely the Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company.

"So the enthusiasm and interest of investing in refineries is still very large," said Purbaya.

Referring to Pertamina's official statement, ADNOC agreed to learn more about the potential for developing the Integrated Petrochemical Refinery Complex in Balongan, West Java. Pertamina and Adnoc signed a memorandum of understanding at the end of last year.

the Tuban Refinery in East Java by Rosneft

While the Mubadala Investment Company is interested in becoming an investor in the Balikpapan Kalimantan Province Refinery Project worth the US $ 5.5 billion. In addition, Pertamina also continues to work on the Tuban Refinery in East Java with Rosneft Oil Company as its partner. 

    The two companies have formed joint ventures, namely PT Pertamina Rosneft Processing and Petrochemicals. Now the project has reached the stage of land acquisition and preparation of engineering design (general engineering design / DED).

Investor Daily, Page-10, Thursday, June 11, 2020.

To Increase Petrochemical Business, Pertamina Continues to Build Refineries

PT Pertamina (Persero) will continue to develop six of its refinery projects even though sales of fuel oil (BBM) at the time of the Covid-19 pandemic was down dramatically. Because the construction of the refinery will increase the petrochemical business which will be the backbone of the company in the future.

Nicke Widyawati 

Pertamina President Director Nicke Widyawati said, although fuel sales were down, the refinery construction was still promising to continue. One of them, the construction of refineries is needed to encourage national energy independence considering the current fuel imports still reach 40% of the total national needs.

In addition, by equipping the refinery with petrochemical facilities, the refinery project will sustain the company's business in the future. The reason is, when fossil energy needs to decrease, the petrochemical business is considered to be very good. For example, during a pandemic, the pharmaceutical business actually increased and petrochemical facilities could provide basic chemicals for this industry.

"Petrochemicals will become one of Pertamina's business pillars, so we will strengthen it," said Nicke Widyawati.

Nicke acknowledged that the refinery project could not be carried out aggressively during the Covid-19 pandemic given the limitations of mobilization. He said he would focus on completing the design and administrative affairs of the refinery project during this pandemic. Thus, construction can be accelerated after the pandemic is over.

"So it can be continued immediately after PSBB (large-scale social restrictions) ends, can immediately open up employment opportunities," he said.

For example, the construction of the Tuban Refinery in Gresik which is being implemented by the PSBB. He explained, the process of preparing the construction site had to be stopped temporarily. However, it continues to complete its administrative work.

"But as soon as [PSBB] opened, it immediately started operating. Our intention of the refinery continues to create jobs for the people there, "said Nicke.

Until the end of the first quarter, the progress of land clearing in Tuban refinery has reached 90.08% and restoration of 46.4%. The general design progress (GED) of this project still reached 6.22%.

At present, the implementation of the basic engineering design / BED and front end engineering design / FEED of the refinery project has also begun. For projects that have entered the construction phase such as the Balikpapan Refinery Project, he continues to work on.

"The Balikpapan refinery is still ongoing, but the HSSE is tighter so there is no Covid-19 deployment)," Nicke said.

Balikpapan refinery construction until the end of March reached 15.02% and is targeted to reach 40% until the end of the year.

"The Cilacap Refinery and Balongan Refinery projects also continue," Nicke added.

Pertamina targets the development of the Balongan and Cilacap Refineries to reach 10% each this year and will continue to accelerate according to the target stages of development. Discussions with Saudi Aramco as the company's partner in building the Cilacap Refinery continue. 

    As for the Balongan Refinery, the company has signed a memorandum of understanding (MoU) with the Abu Dhabi National Oil Company (ADNOC) for the potential development of the Petrochemical Integrated Refinery Complex which is the third phase of the Balongan Refinery Project. Currently a feasibility study is being conducted with partners and is in the location and land acquisition.

For the first phase, the Balongan Refinery Project is still in the Dual FEED Competition (DFC) phase which is targeted to be completed this May. Next for the second phase, a feasibility study is currently being carried out as well as starting the Revamp Study Unit of the ARDHM.

Furthermore, the Plaju Refinery Project has now entered into the BED Licensor procurement and is starting the BED work. While the Dumai Refinery Project is in the stage of conducting a Bankable Feasibility Study (BFS) revisit tender.

Regarding the Bontang Refinery Project, the company had considered moving the location and is still under review. The company also continues to build new olefin production facilities at the PT Trans Pacific Petrochemical Indotama (TPPI) refinery where the company is a shareholder.

     If all refinery projects are completed, Pertamina's crude oil processing capacity will increase to 2.15 million barrels per day (BPD) from 1 million BPD. Not only that, Pertamina's refineries can also process oil with sulfur content up to 2%. Then, the company's petrochemical production will increase to 12,000 kilo tons per year (kilotonnes per annum / KTPA) from 1,660 KTPA. While the company's fuel production will increase to 1.7 million BPD from 600 thousand BPD.

Investor Daily, Page-9, Thursday, May 14, 2020

Positive Pertamina Refinery Progress

PT Pertamina (Persero) continues to record positive progress to complete the construction of a national refinery to meet the targets set. The project, known as the Refinery Development Master Plan (RDMP) and Grass Root refinery (GRR) megaprojects, continues to be accelerated to pursue national energy security and independence, which is marked by the stop of imports of fuel oil (BBM) in 2026.

Fajriyah Usman

    Pertamina Corporate Communication Vice President Fajriyah Usman stated, the RDMP and GRR megaprojects showed very significant developments at each stage of development. The East Kalimantan Balikpapan refinery, up to the quarter 1-2020, has reached 15.02 percent, and by the end of this year it is targeted to reach 40 percent.

Meanwhile, the Balongan Refinery in West Java and the Cilacap Refinery in Central Java are each targeting 10 percent this year and will continue to be accelerated according to the target stages of development. In the context of acceleration, Pertamina has carried out a number of works, such as jetty construction, site development, workshop and warehouse construction, construction of laboratory buildings and Health, Safety, Security and Environment (HSSE), as well as other supporting facilities, "said Fajriyah Usman

Fajriyah explained, Pertamina had also completed the procurement of the main equipment, which took a long time to ensure the project went on target. At present the main equipment is in the process of making or manufacturing. In addition, negotiations with business partners and investors also continued well.

A number of memorandum of agreement and business agreements have been signed between Pertamina and various parties, such as The Abu Dhabi National Oil Company (ADNOC), Mubadala, 

Rosneft, K-Sure, and so forth. Including negotiations with Saudi Aramco also continues which is targeted to be completed by the end of April 2020.

Balongan RDMP Project, divided into three Phases. The Balongan Phase 1 RDMP development is currently in the Dual FEED Competition (DFC) stage with two consortia, namely the RRE Consortium (PT Industri Industri, PT Teknik Engineering, and PT Enviromate Technology International) and the JSW consortium, including J GC Indonesia, PT Synergy Engineering, and PT Wijaya Karya.

This process is targeted to be completed in May 2020. For Phase 2, a Feasibility Study is currently underway and the ARDHM Unit Revamp Study is currently underway. While for Balongan RDMP Phase 3 (New Refinery and Petchem Complex West Java), the Feasibility Study will be conducted with partners and are in the location and land acquisition.

Progress of Balongan Phase 3, currently in the process of procurement of land and partnership, namely Pertamina and ADNOC have signed a Memorandum of Understanding (MOU) for the development of the Petrochemical Integrated Complex in Balongan, West Java. The Plaju refinery is currently entering into a BED Licensor procurement, and is starting the BED Work. Meanwhile, Dumai RDMP is in the stage of conducting a Bankable Feasibility Study (BFS) revisit tender.

"Meanwhile, Tuban GRR has been completed with the land acquisition process and is in the process of payment. Pertamina and Rosneft have even signed a Tuban Refinery design contract with selected contractors on October 28, 2019. At present the Basic Engineering Design (BED) and Front End Engineering Design (FEED) have begun.

Land Clearing progress has reached 90.08 percent and restoration progress has reached 46.40 percent. The progress of General Engineering Design (GED) has reached 6.22 percent.

"With the support of all parties, the construction of the refinery is expected to run smoothly and be completed according to the targeted time so that we can be sovereign energy," said Fajriyah.

When the COVid - 19 pandemic that hit the world, Pertamina delivered the good news of oil and gas production in the first quarter of 2020 which recorded an increase of two percent compared to the average production in 2019.

Pertamina Upstream Director, Dharmawan Samsu stated, oil and gas production in the first quarter of 2020 recorded 919 million barrels of oil equivalent per day (MBOEPD), an increase of two percent compared to the average production in 2019 of 901 MBOEPD.

In detail, oil production averaged 421 thousand barrels per day (MBOPD), while gas production reached an average of 2,887 million standard cubic feet per day (MMSCFD).

"By adjusting work systems and personnel to anticipate the Covid-19 pandemic, Pertamina is still working to keep oil and gas production in line with the targets in the RKAP. Until now, it has reached 99 percent of the target, "said Pertamina Upstream Director, Dharmawan Samsu.

Dharmawan added, positive performance also came from oil and gas field operations operating abroad through a subsidiary of PT Pertamina International EP (PIEP) which successfully contributed oil and gas production by 156 MBOEPD or 103 percent of the 2020 Quarter-1 target.

"This increase in production is mainly from field performance in Algeria," Dharmawan said.

Republika, Page-9, Wednesday, April 9, 2020

Pertamina Assesses Transfer of Bontang Refinery Location

PT Pertamina (Persero) is reviewing the transfer of the location of the Bontang Refinery Project with a capacity of 300 thousand barrels per day (BPD) to Arun, Aceh or Kuala Tanjung, North Sumatra. The relocation of the refinery location because the company is targeting the international market.

Heru Setyawan, Director of Investment Planning and Risk Management, said that there were several locations considered by her to be the location of the construction of this new grass root refinery / NGRR. However, his party has not confirmed the chosen location because it is still conducting studies.

"We have plans to move the Bontang refinery, one of the locations from Bontang, Kuala Tanjung and Arun. So there is another study, "said Heru Setyawan.

Heru Setyawan explained, the consideration of moving the location of the Bontang refinery was because the existing infrastructure at the current location in Bontang, East Kalimantan was also used by other companies. On the other hand, the company is trying to optimize the use of existing assets. In addition, relocation also takes into account the availability of land and markets.

"Because Kuala Tanjung is close to the market, there is land. Because there is near the international market, then in Sumatra there is also a market, "said Heru.

Overseas Oil and Gas LLC (OOG)

Before deciding on the relocation of the Bontang Refinery, it still has to complete several agreements with its previous partners namely Overseas Oil and Gas LLC (OOG). He said he decided not to continue working with the oil and gas company from Oman.

"We propose to be revoked, terminated, but this must be an agreement between the two parties," he explained.

Therefore it will look for new partners to build this refinery project. While selecting partners, the Bontang Refinery work will continue. The selection of partners has already begun by Pertamina right now.

Previously, Pertamina Corporate Communication Vice President Fajriyah Usman revealed, his party no longer partnered with OOG in the Bontang Refinery Project because the framework agreement signed by the two companies had ended in December 2019. The Company no longer continued cooperation because OOG's performance was not in accordance with its commitments.

The operation of the refinery is still ongoing. This year it will complete the Bontang Refinery study location, feasibility study / FS, and search for partners.

The company also plans to start the general engineering design / GED engineering work in 2020. The latest development, OOG has signed a memorandum of understanding on the construction of the Bontang Refinery facility with PT Meta Epsi and PT Sanurhasta Mitra Tbk (MINA).

The two companies will build supporting facilities (outside battery limit / OSBL), such as pipes, water treatment facilities, and fabrication. In addition, OOG has conducted open bidding in Singapore to engineering companies with a good reputation for conducting a financial feasibility study on 30 April.

Pertamina plans to accelerate the Bontang Refinery Project by combining the front end engineering design / FEED package auction and engineering, procurement, and construction / EPC. On the other hand, the company monitors OOG's efforts in seeking project funding.

Luhut Binsar Pandjaitan

Because this project's investment of US $ 1015 billion will all be borne by partners. Maritime and Investment Coordinating Minister Luhut Binsar Pandjaitan had encouraged Pertamina to partner with oil and gas companies from the United Arab Emirates for the construction of the Bontang Refinery.

    At that time Luhut said that Pertamina's partners could have been replaced if the performance was not good. The reason is, even though the project was agreed upon several years ago, this project has not yet been completed.

ADNOC

"We want to replace the company from Oman, maybe with Abu Dhabi, ADNOC or other companies," said Ruhut Binsar Pandjaitan.

Investor Daily, Page-9, Thursday, March 5, 2020

Pertamina-OOG Discontinues Cooperation in Build Bontang Refinery

PT Pertamina (Persero) did not continue to work with the oil and gas company from Oman, Overseas Oil and Gas (OOG) Llc, in working on a new refinery with a capacity of 300 thousand barrels per day (BPD) in Bontang, East Kalimantan. Pertamina is now looking for new partners to complete the project.

Overseas Oil and Gas (OOG)

This was known in a meeting between Pertamina and the House of Representatives Commission VI on Monday (3/2). In his presentation, Pertamina reported the development of the Bontang refinery development in which the proposed Regional Spatial Plan (RSP/RTRW) had been submitted to the local regional government.

However, the company also said that the framework agreement / FWA agreement with partners had ended. The intended partner is OOG. FWA is the basis for both companies to form a joint venture / JV. This FWA is valid for 12 months. Therefore, the company formation between Pertamina and OOG should have been completed at the end of 2019. One of the things discussed in the formation of the JV is the share ownership of each company.

Pertamina Megaprocess Processing and Petrochemical Director Ignatius Tallulembang confirmed that cooperation with OOG did not continue. Furthermore, he will look for new partners in building the refinery project.

"We are open [looking for new partners]. But with Oman, we have [not continued], "he said in Jakarta.

In fact, according to Pertamina's data, the Bontang Refinery Project is targeted to start operating in the next five years or in February 2025. So far, OOG has signed a memorandum of understanding with PT Meta Epsi and PT Sanurhasta Mitra Tbk (MINA) to build the Bontang Refinery facility. The two companies will build supporting facilities (outside battery limit / OSBL), such as pipes, water treatment facilities, and fabrication.

In addition, OOG has also conducted open bidding in Singapore to engineering companies with a good reputation for conducting a financial feasibility study on 30 April 2019. This study will be used as a reference by lenders and banks to participate in funding the new refinery project.

The Bontang refinery requires a total investment of between the US $ 10-15 billion. In contrast to the cooperation between Pertamina and Rosneft Oil Company, for the Bontang Refinery Project, the funding needed to build the refinery is fully borne by OOG. While Pertamina obtained a 10% golden share as well as offtake of several products. The shareholding of this company can be increased.

Luhut Binsar Pandjaitan

Signals of continued cooperation with OOG have been voiced by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan. The project partner at that time Luhut revealed that it could also be replaced if the performance was not good. The reason is, even though the project has been agreed since a few years ago this project has not yet been completed.

"What [Omani] company we want to find is a possible partner with Abu Dhabi, ADNOC or whatever," he said.

However, in fact, the oil and gas company from the United Arab Emirates actually did not enter the Bontang Refinery Project. The Abu Dhabi National Oil Company (ADNOC) agreed to explore further the potential of developing the Integrated Petrochemical Refinery Complex in Balongan, West Java. Pertamina and Adnoc signed a memorandum of understanding at the end of last year.

Mubadala Petroleum

While Mubadala Investment Company, a financial investment company from the United Arab Emirates (UAE), is interested in becoming an investor in the Balikpapan Refinery Project worth the US $ 5.5 billion. Pertamina has signed a principle agreement or Refinery Investment Principle Agreement to further evaluate investment cooperation opportunities in the processing sector.

Saudi Aramco

The agreement will provide a clear structure to ensure cooperation as a pathway to potential joint investment. Not only Bontang Refinery, but Pertamina also does not have an agreement with Saudi Aramco regarding the continued cooperation in capacity building and upgrading of the Cilacap Refinery.

After the asset valuation polemic that never ended, the two agreed to change the cooperation scheme into a lease. Under this scheme, Pertamina will pay the rental fees for the joint venture with Saudi Aramco which is building a new refinery unit at the Cilacap Refinery Complex. While the refinery unit which is currently in operation remains the property of Pertamina.

Nicke Widyawati

"The target is that we will agree to a leasing agreement within the next month. And if this happens, then the deal will happen, after that, we will carry out development, "said Pertamina President Director Nicke Widyawati.

The Bontang and Cilacap refineries are part of the six refinery projects developed by Pertamina. In addition to the Bontang refinery, another new refinery project developed by the company is Tuban Refinery in East Java. While the upgrading projects undertaken by other companies are in Balikapapan, East Kalimantan, in Balongan, West Java, and Dumai, Riau.

Arifin Tasrif 

Previously, Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif encouraged the speeding of the refinery project undertaken by Pertamina. The refinery upgrading project is expected to start operating in the second period of President Joko Widoro's government. While the new refinery project has at least begun the construction phase.

IN INDONESIA

Pertamina-OOG Tidak Lanjutkan Kerja Sama Membangun Kilang Bontang

PT Pertamina (Persero) tidak melanjutkan kerja sama dengan perusahaan minyak dan gas dari Oman, Overseas Oil and Gas (OOG) Llc, dalam mengerjakan kilang baru berkapasitas 300 ribu barel per hari (bph) di Bontang, Kalimantan Timur. Pertamina kini mencari mitra baru untuk merampungkan proyek tersebut.

Hal ini diketahui dalam rapat antara Pertamina dan Komisi VI DPR RI pada Senin (3/2) lalu. Dalam presentasinya, Pertamina melaporkan perkembangan pembangunan Kilang Bontang di mana usulan Rencana Tata Ruang Wilayah (RTRW) telah disampaikan kepada pemerintah daerah setempat. 

Namun, perseroan juga menyampaikan bahwa kesepakatan frame work agreement/FWA dengan mitra telah berakhir. Mitra yang dimaksud adalah OOG. FWA merupakan dasar bagi kedua perusahaan untuk membentuk joint venture/JV. FWA ini berlaku selama 12 bulan. Sehingga, seharusnya pembentukan perusahaan antara Pertamina dan OOG ini rampung di akhir 2019 lalu. Salah satu hal yang dibahas dalam pembentukan JV adalah kepemilikan saham masing-masing perusahaan.

Direktur Megaproyek Pengolahan dan Petrokimia Pertamina Ignatius Tallulembang membenarkan bahwa kerja sama dengan OOG tidak berlanjut. Selanjutnya, pihaknya akan mencari mitra baru dalam membangun proyek kilang tersebut.

“Kami open [cari mitra baru]. Tetapi dengan Oman, kami sudah [tidak dilanjutkan],” kata dia di Jakarta.

Padahal, mengacu data Pertamina, Proyek Kilang Bontang ditargetkan mulai beroperasi dalam lima tahun ke depan atau pada Februari 2025. Sejauh ini, OOG telah menandatangani nota kesepahaman dengan PT Meta Epsi dan PT Sanurhasta Mitra Tbk (MINA) untuk membangun fasilitas Kilang Bontang. Kedua perusahaan ini akan membangun fasilitas pendukung (outside battery limit/OSBL), seperti pipa, fasilitas water treatment, dan fabrikasi. 

Selain itu, OOG juga telah melakukan open bidding di Singapura kepada perusahaan engineering dengan reputasi bagus untuk melakukan kajian kelayakan finansial pada 30 April 2019. Kajian ini akan digunakan sebagai acuan oleh para pemberi pinjaman dan perbankan untuk turut serta mendanai proyek kilang baru tersebut.

Kilang Bontang membutuhkan total investasi antara US$ 10-15 miliar. Berbeda dengan kerja sama Pertamina dan Rosneft Oil Company, untuk Proyek Kilang Bontang, pendanaan yang dibutuhkan dalam membangun kilang ditanggung sepenuhnya oleh OOG. Sementara Pertamina memperoleh golden share 10% sekaligus sebagai offtaker beberapa produk. Bagian kepemilikan saham perseroan ini dapat ditingkatkan.

Sinyal tidak berlanjutnya kerja sama dengan OOG ini pernah disuarakan oleh Menteri Koordinator Kemaritiman dan Investasi Luhut Binsar Pandjaitan. Mitra proyek ini saat itu Luhut mengungkapkan juga dapat diganti jika kinerjanya tidak bagus. Pasalnya, meski proyek sudah disepakati sejak beberapa tahun lalu proyek ini belum juga rampung.

“Yang [perusahaan] Oman kami mau carikan mitra mungkin dengan Abu Dhabi, ADNOC atau mana,” kata dia.

Namun, nyatanya, perusahaan minyak dan gas asal Uni Emirat Arab itu justru tidak masuk ke Proyek Kilang Bontang. Abu Dhabi National Oil Company (ADNOC) sepakat mendalami lebih lanjut potensi pengembangan Kompleks Kilang Terintegrasi Petrokimia di Balongan, Jawa Barat. Pertamina dan Adnoc telah menandatangani nota kesepahaman pada akhir tahun lalu.

Sementara Mubadala Investment Company, perusahaan investasi keuangan dari Uni Emirat Arab (UEA), berminat menjadi investor dalam Proyek Kilang Balikpapan senilai US$ 5,5 miliar. Pertamina telah meneken perjanjian prinsip atau Refinery Investment Principle Agreement untuk mengevaluasi lebih lanjut peluang kerja sama investasi di sektor pengolahan. 

Perjanjian tersebut akan memberikan struktur yang jelas untuk memastikan kerja sama sebagai jalur menuju investasi bersama yang potensial. Tidak hanya Kilang Bontang, Pertamina juga belum memiliki kesepakatan dengan Saudi Aramco terkait kelanjutan kerja sama peningkatan kapasitas dan perbaikan (upgrading) Kilang Cilacap. 

Setelah polemik valuasi aset yang tidak kunjung usai, keduanya sepakat mengubah skema kerja sama menjadi sewa. Dalam skema ini, Pertamina akan membayar biaya sewa terhadap perusahaan patungan dengan Saudi Aramco yang membangun kilang unit baru di Komplek Kilang Cilacap. Sementara unit kilang yang saat ini sudah beroperasi tetap menjadi milik Pertamina.

“Targetnya, kami dalam maksimum satu bulan ke depan akan menyepakati leasing agreement. Dan kalau ini terjadi, maka deal itu akan terjadi, setelah itu kami akan melakukan pembangunan,” kata Direktur Utama Pertamina Nicke Widyawati.

Kilang Bontang dan Cilacap merupakan bagian dari enam proyek kilang yang dibangun Pertamina. Selain Kilang Bontang, proyek kilang baru lainnya yang dibangun perseroan yakni Kilang Tuban di Jawa Timur. Sementara proyek upgrading yang dikerjakan perseroan lainnya adalah di Balikapapan, Kalimantan Timur, di Balongan, Jawa Barat, dan Dumai, Riau. 

Sebelumnya, Menteri Energi dan Sumber Daya Mineral (ESDM) Arifin Tasrif mendorong percepat proyek kilang yang dikerjakan oleh Pertamina. Untuk proyek upgrading kilang, diharapkan sudah mulai beroperasi di periode kedua pemerintah Presiden Joko Widoro ini. Sementara proyek kilang baru setidaknya sudah mulai tahap konstruksi.

Investor Daily, Page-9, Wednesday, Feb 5, 2020

Pertamina and ADNOC Work in Balongan Refinery

PT Pertamina and the national oil company Abu Dhabi, ADNOC, have agreed to work together to further develop the potential for developing the Integrated Petrochemical Refinery Complex in Balongan, Indramayu, West Java.

The signing of a memorandum of understanding (MoU) between Pertamina and ADNOC was carried out in Abu Dhabi, United Arab Emirates (UAE), on Sunday (1/12/2020). 

Nicke Widyawati

    Pertamina President Director Nicke Widyawati said the MoU was a follow-up to the comprehensive strategic framework (CSF) agreement that had been signed by both parties in July 2019.

The MoU was conducted to explore opportunities for cooperation in all oil and gas business chains, both in the UAE, Indonesia and internationally. Nicke further explained, as a result of the intensive discussion, Pertamina and ADNOC succeeded in increasing the agreement towards a more strategic and specific direction.

Among them are to evaluate the potential for developing crude to petrochemical complexes in Balongan. As a first step, both parties will study and explore the proposed business structure and technical configuration in the development of the refinery.

"Pertamina is opening up to a strategic partnership. The potential collaboration with ADNOC will strengthen Pertamina's business steps especially in optimizing the development of petrochemical refineries in Balongan, West Java so that later it can produce high-value products and meet the demand for domestic and foreign petrochemical products, especially polyolefins, "Nicke said.

On the same occasion, Pertamina and ADNOC also signed LPG supply agreements. This year, ADNOC will provide LPG up to 528,000 metric tons for Pertamina in order to secure domestic LPG needs.

"This transaction is also effective because the source is directly from the producer," Nicke said.

For information, ADNOC is known as one of the largest LPG producers in the world with a capacity of more than 10 million metric tons per year.

IN INDONESIA

Pertamina dan ADNOC Kerjaama di Kilang Balongan

PT Pertamina dan perusahaan minyak nasional Abu Dhabi, ADNOC, bersepakat menjalin kerja sama untuk mengembangkan lebih lanjut potensi pengembangan Kompleks Kilang Terintegrasi Petrokimia di Balongan, Indramayu, Jawa Barat. 

Penandatanganan nota kesepahaman (MoU) antara Pertamina dan ADNOC dilakukan di Abu Dhabi, Uni Emirat Arab (UEA), pada Minggu (12/1/2020).

Direktur Utama Pertamina Nicke Widyawati menyatakan MoU itu merupakan tindak lanjut dari kesepakatan comprehensive strategic framework (CSF) yang telah ditandatangani kedua belah pihak pada Juli 2019.

MoU dilakukan untuk menjajaki peluang kerja sama di seluruh mata rantai bisnis minyak dan gas, baik di UEA, Indonesia, maupun internasional. Lebih lanjut Nicke menjelaskan, sebagai hasil diskusi intensif tersebut, Pertamina dan ADNOC berhasil meningkatkan kesepakatan ke arah yang lebih strategis dan spesifik. 

Diantaranya untuk mengevaluasi potensi pengembangan crude to petrochemicals complex di Balongan. Sebagai langkah awal, kedua belah pihak akan mempelajari dan mendalami usulan struktur bisnis dan konfigurasi teknis pada pengembangan kilang tersebut.

“Pertamina membuka diri untuk strategic partnership. Potensi kolaborasi dengan ADNOC akan memperkuat langkah bisnis Pertamina khususnya dalam mengoptimalkan pengembangan kilang petrokimia di Balongan Jawa Barat sehingga nantinya dapat menghasilkan produk yang bernilai tinggi serta memenuhi permintaan produk petrokimia dalam dan luar negeri, terutama polyolefin,” ujar Nicke.

Dalam kesempatan yang sama Pertamina dan ADNOC juga menandatangani perjanjian pasokan elpiji. Pada tahun ini ADNOC akan menyediakan elpiji sampai dengan 528.000 metrik ton untuk Pertamina dalam rangka mengamankan kebutuhan elpiji dalam negeri.

“Transaksi ini juga efektif karena sumbernya langsung dari produsen,” ujar Nicke.

Sebagai informasi, ADNOC dikenal sebagai salah satu produsen elpiji terbesar di dunia dengan kapasitas lebih dari 10 juta metrik ton per tahun.

Media Indonesia, Page-10, Friday, Jan 17, 2020

Pertamima and Adnoc Explore Potential of Balongan Refinery

PT Pertamina (Persero) and the United Arab Emirates Nab (UAE) oil company Adnoc have committed to developing the Petrochemical Integrated Refinery Complex in Balongan, West Java. 

Mubdala Petroleum

    The two companies have also signed a memorandum of understanding or memorandum of understanding (MOU) to further develop the potential for the development of the Balongan Refinery in Abu Dhabi, UAE.

Nicke Widyawati

Pertamina President Director Nicke Widyawati said the two companies agreed to increase cooperation to be more specific and strategic in Arabia.

"As a first step, both parties will study and explore the proposed business structure and technical configuration of the development of the refinery," Nicke said.

The agreement is a follow-up to the Comprehensive Strategic Frame-work (CSF) agreement that was signed by both parties in July 2019. This was done to explore opportunities for cooperation in all oil and gas business chains, both in the UAE, Indonesia and internationally.

Nicke Widyawati ensured Pertamina was open to strategic cooperation. The potential collaboration with Adnoc, according to him, will strengthen Pertamina's business steps, especially in optimizing the development of the petrochemical refinery in Balongan.

"So that later it can produce high-value products and meet the demand for domestic and foreign petrochemical products, especially polyolefins," said Nicke.

She considered the potential of this cooperation was important because the development of the crude oil processing complex into petrochemicals would also be integrated with Balongan's Refinery Development Master Plan (RDMP).

In addition, Pertamina and Adnoc also signed a supply agreement for Liquefied Petroleum Gas (LPG). Thus, in 2020 Adnoc will provide LPG up to 528 thousand MT LPG to Pertamina in order to secure the domestic LPG needs.

"This transaction is also effective because the source is directly from the producer," said Nicke.

Regarding LPG supply, Adnoc is known as one of the largest oil and gas companies that produce LPG in the world with a capacity of more than 10 million MT per year. 

Sultan Ahmed al Jaber

    Meanwhile, Adnoc CEO Sultan Ahmed al Jaber said the agreement with Pertamina would support and strengthen the company's presence in Indonesia. Al-Jaber rate, Indonesia is one of the fastest-growing markets in Southeast Asia.

"This signed agreement also shows opportunities for innovative value creation and strong bilateral relations between the UAE and the Republic of Indonesia," Al-Jaber said.

In addition to cooperating with Adnoc, Pertamina is also collaborating with UAE company, Mubadala, to accelerate the development of RDMP Balikpapan, East Kalimantan.

IN INDONESIA

Pertamima dan Adnoc Eksplorasi Potensi Kilang Balongan

PT Pertamina (Persero) dan perusahaan minyak Uni Emirat Nab (UEA) Adnoc telah berkomitmen mengembangkan Kompleks Kilang Terintegrasi Petrokimia di Balongan, Jawa Barat. Kedua perusahaan juga telah menandatangani nota kesepahaman atau memorandum of understanding (MOU) untuk mengembangkan lebih lanjut potensi pengembangan Kilang Balongan di Abu Dhabi, UEA.

Direktur Utama Pertamina Nicke Widyawati menyatakan, kedua perusahaan sepakat untuk meningkatkan kerja sama ke arab yang lebih spesifik dan strategis. 

"Sebagai langkah awal, kedua belah pihak akan mempelajari dan mendalami usulan struktur bisnis dan kofigurasi teknis atas pengembangan kilang tersebut," kata Nicke.

Kesepakatan tersebut merupakan tindak lanjut dari kesepakatan Comprehensive Strategic Frame-work (CSF) yang telah ditandatangani kedua belah pihak pada Juli 2019. Hal tersebut dilakukan untuk menjajaki peluang kerja sama di seluruh mata rantai bisnis minyak dan gas, baik di UEA, Indonesia, maupun internasional. 

Nicke Widyawati memastikan Pertamina membuka diri untuk kerja sama strategis. Potensi kolaborasi dengan Adnoc, menurut dia akan memperkuat langkah bisnis Pertamina khususnya dalam mengoptimalkan pengembangan kilang petrokimia di Balongan.

“Sehingga nantinya dapat menghasilkan produk yang bernilai tinggi serta memenuhi permintaan produk petrokimia dalam dan luar negeri terutama polyolefin," tutur Nicke.

Nicke Widyawati menilai potensi kerja sama ini penting karena pengembangan kompleks pengolahan minyak mentah menjadi petrokimia juga akan terintegrasi dengan Refinery Development Master Plan (RDMP) Balongan. 

Selain itu, Pertamina dan Adnoc juga menandatangani perjanjian pasokan liquied petroleum gas (LPG). Dengan demikian, pada 2020 Adnoc akan menyediakan LPG sampai dengan 528 ribu MT LPG untuk Pertamina dalam rangka mengamankan kebutuhan LPG dalam negeri.

“Transaksi ini juga efektif karena sumbernya langsung dari produsen,” ungkap Nicke.

Terkait pasokan LPG, Adnoc dikenal sebagai salah satu perusahaan minyak dan gas yang memproduksi LPG terbesar di dunia dengan kapasitas mencapai lebih dari 10 juta MT per tahun. 

    Sementara itu, CEO Adnoc Sultan Ahmed al Jaber mengatakan, perjanjian dengan Pertamina akan mendukung dan memperkuat kehadiran perusahaannya di Indonesia. Al-Jaber menilai, Indonesia adalah salah satu pasar dengan pertumbuhan ekonomi tercepat di Asia Tenggara.

"Kesepakatan yang telah ditandatangani ini juga menunjukkan peluang penciptaan nilai yang inovatif dan hubungan bilateral yang kuat antara UEA dengan Republik Indonesia," kata Al- Jaber.

Selain bekerja sama dengan Adnoc, Pertamina juga menggandeng perusahaan UEA, Mubadala, untuk mempercepat pengembangan RDMP Balikpapan, Kalimantan Timur.

Republika, Page-15, Friday, Jan 17, 2020