Pertamina's splashes cash on refining dreams

THE crash in the oil price and a lack of demand for refined products has not stopped Indonesia’s state oil company, Pertamina, from splashing nearly US$50 billion to increase the country’s refining business.

Pertamina's splashes cash on refining dreams Pertamina's splashes cash on refining dreams Pertamina's splashes cash on refining dreams Pertamina's splashes cash on refining dreams Pertamina's splashes cash on refining dreams

According to a Bloomberg report this week, Pertamina has accelerated its plans to double Indonesia's refining capacity.