In the meeting, Bahlil said they discussed the strengthening of Indonesia’s domestic oil refining capacity and value-added industries, according to a post on his verified Instagram account.
“This investment plan is expected to align with government policy and contribute to strengthening national energy security,” Bahlil said, without sharing further details.
Pertamina, Essar and a spokesperson for Bahlil did not immediately respond to a Reuters request seeking comments and details about the plan.
Indonesia aims to lower its fuel imports as part of ambitious goals set by President Prabowo Subianto to achieve energy self-sufficiency.
Pertamina has long-standing plans to upgrade many of its refineries and has recently concluded the $7.4 billion upgrade of its Balikpapan facility.
Pertamina has also merged its refinery and logistic units to improve its downstream business operations.
