What is the utilization rate of petroleum refineries in Indonesia?
The overall utilization rate of these refineries was approximately 73% in 2020.12Pertamina owns and operates most of the refining capacity in Indonesia. Current refining capacity is insufficient to meet domestic demand, and Indonesia uses imports to meet about half of its domestic petroleum product use.
Which countries export refined petroleum from Indonesia?
The main destination of Refined Petroleum exports from Indonesia are: Singapore ($1.18B), Malaysia ($937M), South Korea ($227M), Bangladesh ($217M), and China ($198M). The fastest growing export markets for Refined Petroleum of Indonesia between 2021 and 2022 were Singapore ($674M), Malaysia ($513M), and Bangladesh ($206M).
How will Indonesia’s New palm oil refinery help agribusiness?
The new refinery will play a key role in connecting the global agribusiness¡¯ traceable crude palm oil production in Indonesia to demands in North America and Europe, through a fully integrated supply chain ¡°from plantation to customer.¡±
How much oil does Indonesia have in 2021?
Petroleum and other liquids As of January 2021, Indonesia totaled approximately 2.5 billion barrels of proved crude oil reserves.7According to the Deputy Energy and Mineral Resources Minister, the replacement rate of oil reserves dropped to 50% in 2018 because of declining oil exploration and technology limitations.