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Article: QUESTIONS RAISED ABOUT THE FATE OF PERTAMINA'S BIG PROJECTS: Investment in PERTAMINA projects enormous
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- August 26, 1991
CopyrightCOPYRIGHT 1991 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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One of the big problems associated with the PERTAMINA projects is the question of funding. Increasing the capacity of oil refineries takes a lot of money. Huge investment totalling US$ 760 million will be needed to upgrade and modify existing oil refineries - US$ 8,288 million for the 4 EXOR projects and US$ 9,498 million for the 4 Domestic Refinery projects. Thus a total of US$18,545 million will be needed for all these oil refinery projects.
PERTAMINA also needs huge sums of money to develop various petrochemical projects. As in the case of the oil refinery projects so with the petrochemical projects, the main aim is the increasing of the value added for the ...