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Pertamina may save US$1.99 bln per annum after operating RFCC and TPPI refineries

September 30, 2015 24 Views

JAKARTA (rambuenergy.com)  – State energy company PT Pertamina (Persero) will gradually lower its low octane Premium fuel imports starting from November 2015 following the operation of its Residual fluid Catalytic Cracking (RFCC) plant in Cilacap and Trans Pacific Petroleum Indonesia (TPPI) refinery in Tuban which will enable the company to save up to US$1.99 billion per annum.

The two production facilities will allow Pertamina to add Premium fuel production of 91,000 barrels per day, consisting of 30,000 bpd from RFCC Cilacap and 61,000 bpd from TPPI refinery.

Vice President Corporate Communication of Pertamina Wianda Pusponegoro said the national Premium fuel consumption reaches around 29.5 million kiloliters per annum, in which 17.1 million KL or 9 million barrels per month, which is bought from overseas suppliers.

This high dependency on imported fuel encourages Pertamina to operate the two refineries in the near future.

 RFCC Cilacap is now entering commissioning phase and expected to begin operating in the second week of October, 2015.

“Based on our final checking, RFCC Cilacap is ready 100 percent for commercial operation and is expected to start operating in second week of October. With the operation of RFCC Cilacap, Pertamina will reduce Premium fuel imports by around 30,000 bpd or 10.95 million barrels per year or equals to 10 percent of total imports,” he said.
 
The TPPI refinery in Tuban, he said, Pertamina will start up its operation at end November in line with the government’s direction. The refinery has a capacity to produce around 61,000 bpd under normal condition or 22.27 million barrels er annum or equals to 20 percent of Premium imports.
RFCC Cilacap has a capacity to produce Premium fuel of around 20,000 bpd.
 
“With the operation of the facilities, Pertamina has an opportunity to reduce 91,000 bpd of Premium fuel, or equals to 33.21 million barrels per annum. Assuming that gasoline price is around US$60 per barrel, the value of fuel import reduction reaches US$1.99 billion,” said Wianda. (*)

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