KATADATA - PT Pertamina (Persero) is planning to cut the fuel import for the domestic needs by optimizing the capacity of existing refineries. The problem to realize the plan is that Pertamina needs crude oil supply as the raw material.
Pertamina’s refining director Rahmat Hardadi said that until now Pertamina can only supply 60 percent of the refineries needs, which is around 800,000 barrels per day (bpd). All this time, Pertamina needs to import the remaining 40 percent.
And in order for the import to be cut, right now Pertamina has approached seven oil and gas cooperation contract contractors (KKKS) to talk about the supply for those refineries. It is hoped so that KKKS would want to cut their export and sell the oil to Pertamina.
“Around seven KKKS that was being approached, two have confirmed,” Hardadi said several times ago. The two KKKS will start to supply oil to Pertamina’s refineries by the end of this year in the amount of 120,000 bpd.
Hardadi admitted that he still could not mention who are the KKKS that have been approached and who have declared their readiness. He is hoping now so that the remaining five KKKS would want to sell part of their oil to Pertamina.
The government is planning to limit crude oil export starting next year. The limitation will be done to optimize the domestic oil refineries and to cut fuel import. The policy will be issued in the form of Energy and Mineral Resources (EMR) Ministerial Regulation that will be issued in the near future.
The EMR oil and gas general director I.G.N Wiratmadja Puja said the regulation will regulate the export limit for crude oil according to the specification that is in line with the existing refineries in Indonesia, which are able to process the oil. The ministry recorded that right now Indonesia’s crude oil export has reached 400 thousand bpd, including condensate. But from that amount, there are more than 200 thousand barrels that can be refined within the country.
“A review has been taken with SKK Migas and Pertamina to optimize this matter,” Wiratmadja said. Besides optimizing the domestic refinery productions, the policy can also strengthen rupiah exchange rate significantly. All this time, Pertamina needs a lot of US dollar every day to import oil.
With this policy, Pertamina will buy the crude oil needed from KKKS with dollar price, but the purchase will be made by rupiah. By cutting the dollar usage, Pertamina and the state can save up to US$ 3.8 billion per year, or reaching almost IDR 45 trillion per year with the current rate.
Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Chief, Amien Sunaryadi, admitted that there are already 14 KKKS that are invited for a discussion to sell their oil to Pertamina. The contractors responded positively with this matter. But, the discussion has not reached the sales and purchase agreement and price determination.
Amien also admitted that he could not mention who are the 14 KKKS, because this is still a talk and there are still no decisions from each KKKS. “They will report back to their offices first,” Amien added.
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