Indonesia to build pipeline from Rokan block to Dumai refinery
[JAKARTA] Indonesia's state gas utility, Perusahan Gas Negara (PGN), said on Friday it will begin construction on a 367km crude oil pipeline on the island of Sumatra in July connecting to the Dumai refinery.
The US$300 million pipeline will connect the Rokan oil block on the island to Pertamina's Dumai refinery, and will be built through PGN's subsidiary PT Pertamina Gas, PGN said in a statement.
Indonesian oil and gas company PT Pertamina is aiming to take over the Rokan oil block from Chevron in August next year.
PGN's director of infrastructure and technology, Redy Ferryanto, said in the statement 250,000 barrels of oil per day will be transported from Rokan to Pertamina's refinery in Dumai, adding the project is due to be completed by the end of next year.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold edges higher as markets count on Fed rate-cut hopes
Chinese companies win more bids to explore for Iraq oil and gas
Why prices for chocolate and cocoa went nuts
China’s push for greener aluminium hit by erratic rains, power cuts
Philippines says US, China eyeing mining opportunities, especially in nickel
Gold set for best week in five on renewed US rate-cut hopes