South Korea ready to build refinery RFCC in Cilacap Indonesia amount U.S. $ 800 million

JAKARTA: The government of Indonesia plans to conduct a ground breaking project EPC refinery Fluid Catalytic Cracking Residual (RFCC) Cilacap owned PT Pertamina (Persero) worth US.$ 800 million or around Rp 8 trillion on December 28, 2011.

Minister Jero Wacik said the project will include an accelerated this year after ground breaking project Banyu Urip in Bojonegoro, East Java, on December 6, 2011.

"December 28 we will plan a ground breaking construction refinery in Cilacap, it will be we do. It will add fuel refinery capacity," he said, Tuesday, December 13, 2011.

Previously, Pertamina appointed a consortium of PT Adhi Karya (Persero) Tbk and Goldstar Co. Ltd. (South Korean) as the winner of RFCC project on 12 September, after previously following an open tender process since 2010.

The project is scheduled to be completed (operational acceptance) and handed over within 39 months or expected to be used as early as 2015.

Vice President Corporate Communications Mochamad Harun said Pertamina's current Cilacap refinery capacity of 350,000 barrels per day. With the RFCC project, the planned capacity addition of 61,000 barrels per day of refinery capacity that will be as big as 411,000 barrels per day.

If additional capacity realized the refinery, he added, Pertamina also can reduce fuel imports has been done to meet the needs of the national fuel.(*)

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