- Apr 15, 2019
* He said the cost of the project, which consist of a refinery and petrochemical plants, is $15 billion. Pertamina initially estimated the project cost at $10 billion
* The company aims to decide on financing source of the project within five months, Al Riyami said. The plant is scheduled to start operation around 2025-2026
* He added that OOG is also looking for more supply of crude oil for the 300,000 bpd refinery, preferrably from national oil companies
* OOG has signed memoranda of understanding with two local companies, PT Sanurhasta Mitra Tbk dan PT Meta Epsi Tbk, to build supporting facilities in Bontang, such as power stations, pipe infrastructure and water treatment for a combined value of $3 billion.