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Indonesia intends to reach oil product self-sufficiency by 2026

9 Jun 2020

According to the Indonesian government, Indonesia’s oil product demand is expected to rise by 3.2%/year to 1.47 mb/d by 2026 (+12%). Meanwhile, the country’s refined product output should rise by around 70%, to reach 1.5 mb/d by 2026. Thus, Indonesia would be self-sufficient for oil products as of 2026, instead of its 2023 target.

Indonesia plans to build two new refineries: a 300,000 bbl/d plant at Bontang, which is due to be commissioned in 2025, and a 300,000 bbl/d refinery at Tuban. In addition, the country intends to revamp four existing refineries, to add at least 200,000 bbl/d of refining capacity.

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