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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Business

Pertamina will spend over $2 billion on safety.

Creator: A Dharma Prasetya Creator: A Dharma Prasetya
Creator: A Dharma Prasetya Creator: A Dharma Prasetya

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On Tuesday, executives from Indonesian state oil major PT Pertamina announced they will invest roughly $2 billion to improve facility safety by 2026.

Pertamina’s fuel station fire in north Jakarta killed over 30 people last month after spreading to a heavily populated neighborhood.

The catastrophic fire followed other recent mishaps at Pertamina’s refineries, including a weekend explosion at the Dumai plant that injured nine workers.

After the occurrences, the parliamentary energy committee wants a “complete audit” of Pertamina’s assets.

After a fire at its Balongan refinery in 2021, Pertamina undertook a safety audit and began making refinery modifications, CEO Nicke Widyawati told MPs.

Taufik Adityawarman, CEO of refinery arm Kilang Pertamina International, told the same hearing that Pertamina would invest $980 million between 2022 and 2023 to fix audit issues, including lightning protection and personnel training.

He claimed Pertamina will invest roughly $2 billion on safety, refinery reliability, and maintenance until 2026.

At Tuesday’s session, officials did not discuss gasoline terminal safety improvements.

After the incident late Saturday, Pertamina was planned to resume full operations at its Dumai refinery by April 15.

Taufik stated Dumai’s cause was under investigation.

Notwithstanding the events, Pertamina will safeguard the gasoline supply ahead of the Eid al-Fitr holidays later this month, when tens of millions of Indonesians are anticipated to fly home.

“To ensure gasoline supplies, we’ll boost production at other refineries… However, due to decreasing Dumai output, we won’t expand imports “Taufik.”


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