Indonesia’s Pertamina to slash capacity at second-biggest refinery due to upgrade

JAKARTA (Reuters) – Indonesia’s state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances, the company said on Tuesday.

The “plant stop revamp” at the country’s second-largest refinery will last for two months, the company said, during which capacity will be reduced to 60,000 barrels per day (bpd) from 260,000 bpd normally.

Pertamina is revamping Balikpapan to increase its capacity to 360,000 bpd and to be able to produce fuel with Euro V emission standards.

As of last month, 87% of the upgrade had already been completed.

The Balikpapan project is part of Pertamina’s long-term refinery upgrade plans. It is aiming to complete the first phase of Balikpapan upgrade this year.

(Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Ed Davies)

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