HomeNewsPertamina and Rosneft Push Forward on $24 Billion Grassroots Refinery

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Pertamina and Rosneft Push Forward on $24 Billion Grassroots Refinery

10/19/2022

Pertamina of Indonesia is moving forward on a significant grassroots refinery in Indonesia’s East Java Province and will be partnering with Russian state energy company Rosneft, even as geopolitical pressures continue to surround Russia. This progress is likely due to the neutral position that Indonesia has taken regarding the war in the Ukraine. Pertamina is reportedly planning to spend as much as $50 billion USD in 2023 for refinery construction and expansion projects, with nearly half of that earmarked for this upcoming grassroots refinery, referred to previously as the $24 billion dollar GRR project in Tuban. Pertamina refining subsidiary Kilang Pertamina International President Taufik

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