Indonesia plans to cooperate with US companies to build 17 modular oil refineries with a total investment of $8 billion (approximately IDR 130 trillion) to process crude oil imported from the United States. The project is part of a recent import tariff agreement between Indonesia and the US, led by Indonesia's Danantara company, and is expected to sign an engineering, procurement, and construction (EPC) contract with US engineering firm KBR Inc. Indonesia will adjust its crude oil import source structure, reducing imports from traditional suppliers such as Nigeria and Saudi Arabia, and increasing imports from the US. The CEO of Danantara has promised that US crude oil imports will not impose a fiscal burden on the Indonesian government, and all operations will comply with Indonesian laws and regulations. Building modular refineries is a key part of Indonesia-US business cooperation and must match the characteristics of imported crude oil. Currently, both sides are still negotiating project details, with the Indonesian Investment Management Agency (Investasi Danantara) participating.
Indonesia plans to cooperate with US companies to build 17 modular oil refineries with a total investment of $8 billion (approximately IDR 130 trillion) to process crude oil imported from the United States. The project is part of a recent import tariff agreement between Indonesia and the US, led by Indonesia's Danantara company, and is expected to sign an engineering, procurement, and construction (EPC) contract with US engineering firm KBR Inc. Indonesia will adjust its crude oil import source structure, reducing imports from traditional suppliers such as Nigeria and Saudi Arabia, and increasing imports from the US. The CEO of Danantara has promised that US crude oil imports will not impose a fiscal burden on the Indonesian government, and all operations will comply with Indonesian laws and regulations. Building modular refineries is a key part of Indonesia-US business cooperation and must match the characteristics of imported crude oil. Currently, both sides are still negotiating project details, with the Indonesian Investment Management Agency (Investasi Danantara) participating.