Indonesia Becoming Petrochemical Net Exporter

Indonesia is fast building its petrochemical industry with the government in planning to bring Indonesia petrochemical output dramatically by 2016 making it a net exporter country in terms of petrochemical products. Through its state oil and gas company, Pertamina, Indonesia is gazetting two major petrochemical hub in Muara Enim and Bintuni Bay for production of methanol, ammonia, polypropylene and polyethylene. 

The government is looking at putting up world scale refinery and petrochemical cracker with a foreign partner. South Korean Honam Petrochemical and PTT Chemicals are some of the potential partners with Pertamina. Indonesia government is also announcing considerable tax breaks to attract foreign direct investment for its growth in the petrochemical industry.

Indonesia's Pertamina To Become Asia Oil & Gas Major in Asia

Pertamina, Indonesian state oil company which was once considered a pioneer in government-owned oil and gas major is setting a goal to become the Asia's biggest oil and gas player by 2025. The announcement came after a recent announcement that it is currently looking at petrochemical partner to further add value of its downstream petrochemical business. 

 Pertamina owns many of Indonesia's refineries and is venturing into partnership with PTT Global Chemical into bringing alive its petrochemical business again. Many considered Pertamina demise was due to the influence of Indonesian government into its business during its peak.

Pertamina Collaborating with Petronas & Total for Natuna Project

Indonesian state oil and gas company PT Pertamina will be in collaboration with Malaysia’s Petronas and France’s Total SA for East Natuna project in Indonesia waters. This comes amids Pertamina inking agreement with ExxonMobil earlier.

Pertamina is looking for collaboration both for investment and technology provider such as one in regards to high CO2 content in the oil field.