Berita

JAKARTA. PT Pertamina (Persero) wants to process all crude oil in domestic and for the reason is ready to give the best offer for Cooperation Contract Contractors (KKKS) to be willing to sell their share crude oil to be processed in Pertamina plants.

The offer is also as an anticipation if oil crisis happens if the condition in Hormuz Strait worse and to keep Indonesian energy security. So that Pertamina will ask government support to accomplish the oil share regulation that give Pertamina option to buy crude oil of KKKS share.

Pertamina’s effort to buy crude oil of KKKS share has been approved by BPMIGAS. However, recently there is not yet regulation managing the matter and it needs an accomplishment to make KKKS want to sell their share crude oil for domestic plants. Pertamina has sent letter to BPMIGAS and also has sent letter of domestic crude oil purchase to all KKKS, which are exporting crude oil for them.

“Domestic crude oil production of government share processed by Pertamina is bought by using the price of ICP, which is relatively higher than market price. Pertamina paid crude oil of government share for about Rp 600 billion higher than annual market price,”  says Vice President Corporate Communication Pertamina Mochamad Harun.

Domestic crude oil absorption by Pertamina has proven very beneficial for the state. Besides giving higher revenue, domestic crude oil purchase also could keep Indonesian crude oil price stable in high level and competitive.

Recently Pertamina’s plants have processed the whole Pertamina’s crude oil production and government share for 534 thousand barrel per day (bph). Besides, the government also directly buy KKKS share for 3.500 bph, the number is far from adequate remembering that the capacity of Pertamina’s plants reach 1 million bph.

Pertamina also plans to absorb the whole crude oil production becoming share of KKKS operating in Indonesia. The total exported crude oil of KKKS share reach about 210 thousand bph. “We would absorb the crude oil exported by KKKS. The total exported crude oil of KKKS share reach about 210 thousand bph.”

The exported crude oil of KKKS share is Sumatera Light Crude 64 thousand barrel per day, Duri 81 thousand barrel per day, Arjuna 4 thousand barrel per day, Cinta  9 thousand barrel per day, Widuri 9 thousand barrel per day, Ataka 6 thousand barrel per day, Handil 5 thousand barrel per day, Belida 4 thousand barrel per day, Geragai 3 thousand barrel per day, Kaji 8 thousand barrel per day and Senipah 30 thousand barrel per day.

Pertamina has also prepared the roadmap of improving national BBM security by upgrading and also constructing new plants up to 2018. Some projects such as refurbishment Plaju, Kerro Treater Dumai-BLPP, RFCC Cilacap-Program Langit Biru Cilacap, Bottom Upgrading BLPP, revamping Dumai andtwo new plants constructions in Balongan, West Java and Tuban East Java will increase national BBM production from 40, 6 million KL per year recently to 66, 7 million KL per year by 2018.

“These projects are hoped to be able to improve national BBM security and suppress import. However, to realize the investment plan is needed government support related to adequate incentives and also alfa (the margin and distribution cost), so it will make investors becoming more interesting and passionate.”

Meanwhile, efficiency successfully done by Pertamina from BBM import activity  to fulfill the lack of supply from domestic, has encouraged saving about US$ 280 million in 2011. The saving is based on BBM Pertamina purchasing price compare to market price applicable at the period. (AK)