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Indonesia Inaugurates $7.4-Billion Upgraded Refinery, Its Largest

The upgrade expanded capacity by 100,000 barrels per day, aiming to end jet fuel and gasoil imports by 2027, supporting Indonesia's biodiesel targets, Energy Minister said.

Summary by Oil Price
Indonesia inaugurated on Monday the upgraded Balikpapan refinery, which cost $7.4 billion to redevelop and is another step toward self-sufficiency in fuel supply. Indonesian President Prabowo Subianto and Energy Minister Bahlil Lahadalia attended the inauguration ceremony for Pertamina’s refinery, whose processing capacity has been raised to 360,000 barrels per day (bpd) from 260,000 bpd, making it the country’s largest refinery in terms of capa…

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President Prabowo Subianto will inaugurate the Refinery Development Master Plan (RDMP) Project in Balikpapan, East Kalimantan.

·Jakarta, Indonesia
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Kompas broke the news in Jakarta, Indonesia on Monday, January 12, 2026.
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