Jakarta, April 29 -- The Indonesian government on April 29 officially broke ground on 13 downstream (deep-processing) projects with a total investment of up to 116 trillion IDR (6.68 billion USD) in a major push to strengthen national energy and mineral security.
The move also aims to realise the ambition of energy self-reliance and reduce dependence on imported supplies amid increasingly global geopolitical uncertainties.
Under the leadership of Indonesia's sovereign wealth manager Danantara, the energy sector is witnessing a series of landmark projects. Notably, new gasoline refining facilities are being built at the Dumai and Cilacap complexes under the state oil and gas group Pertamina. Once operational in 2030, these facilities are e...