“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, February 13, 2009

Indonesia urges Pertamina to build new refineries

Thu Feb 12, 2009 7:02am EST  

JAKARTA, Feb 12 (Reuters) - Indonesian President Susilo Bambang Yudhoyono urged on Thursday state oil firm Pertamina to build new refineries to cut imports of oil products. 

Construction of new refineries has become more pressing in the past few years, as growing domestic demand has forced Pertamina to import more fuel, straining the budget and weighing on the rupiah currency

Evita Legowo, director general of oil and gas at the energy ministry, told Reuters in an interview last month that the downstream prospects did not look promising, pointing to huge investments needed and low margins. "As we are still importing high amounts of oil products. It would be more efficient if we could build refineries," Yudhoyono told reporters after meeting Pertamina officials. 

"There is a plan to build refineries, however, Pertamina's president director has asked for more tax incentives," Yudhoyono said, referring to the newly appointed president director of Pertamina Karen Agustiawan. 

Yudhoyono asked Pertamina to reach conclusive agreements with ministries so a timeline for builing refineries could be established. 

Pertamina marketing director Achmad Faisal said the state energy firm planned to build new refineries adding a combined 400,000 barrels per day (bpd) of capacity in Indonesia. 

"There are plans to build a refinery in Banten province with a capacity of 150,000 barrels per day and we will expand Balongan refinery by 200,000 barrels per day in future," Faisal said. 

In October last year, Yudhoyono had already issued a decree giving income tax incentives for investment in oil refineries. 

However, a Pertamina official who declined to be indentified, said those incentives were insufficient given profit margins on new refineries were very thin. 

Indonesia is Asia's biggest importer of oil products. 

Pertamina has nine refineries scattered around the archipelago with a combined capacity of around 1 million barrels per day (bpd). But it only supplies 70 percent of domestic oil product consumption and 30 percent comes from imports. 

Pertamina has signed several memorandum of understanding with Iran and China's Sinopec Corp in the past to build new refineries in join ventures. But none of these plans have materialised so far. 

Pertamina and an Iranian company have agreed to build a 300,000-bpd oil refinery in Java island, although construction has not started. 

China's Sinopec Corp has also agreed in mid-2005 to help build a refinery in East Java with a capacity of up to 200,000 bpd, although negotiations have foundered since then. 

Saudi Aramco, Kuwait Petroleum Corp. and Malaysian state oil firm Petronas [PETR.UL] have also expressed interest in building oil plants in Indonesia. 

(Reporting by Muklis Ali; Editing by Ed Davies) 

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