Indonesia’s PT Pertamina Internasional EP (PIEP) aims at achieving a 10% growth in production from its oil and natural gas production fields in Algeria in 2019 and 2020, the Jakarta Post reported.
Last year, PIEP transported 18,000 barrels per day (b/d) from Algeria’s fields to Indonesia.
“It will grow 10% to 22,000 to 23,000 b/d from the existing rate of around 20,000 b/d,” the company’s Director Denie S. Tampubolon said.
Indonesia is expected to double its refining capacity to 2 million b/d by the end of 2026 from through two projects, the Refinery Development Master Plan and the New Grass Roots Refinery project.
Four existing refineries will be upgraded, namely the Cilacap, Balongan, Dumai, and Balikpapan refineries, plus two new refineries, Tuban and Bontang, with an expected total investment of around $45 billion.
PT Pertamina is an Indonesian state-owned oil and natural gas corporation.