Indonesia’s state-owned PT Pertamina (Persero) has let an engineering, procurement, and construction (EPC) contract to Hyundai Engineering Co. Ltd. for its Balikpapan refinery upgrade and modernizing. The project is a part of the USD3.9 billion Balikpapan Refining Development Master Plan (RDMP).
Hyundai Engineering will deliver the project’s EPC services for a duration of 53 months. The contract is worth USD2.17 billion. It will also include the construction of units that will enable the refinery to produce fuels complying with Euro-5 quality standards.
The current production capacity of the refinery is 260,000 bpd, and the project will expand it to 360,000 bpd.
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Tags: AlwaysFree,EN FNSS,English Hyundai Engineering Co. Ltd,PT. Pertamina (Persero),Refining Development Master Plan (RDMP)
Published on September 19, 2019 12:29 AM (GMT+8)Last Updated on December 30, 2019 7:09 PM (GMT+8)
