Humpuss to build refinery

Humpuss to build refinery

JAKARTA (JP): The Humpuss Group plans to establish an oil
refinery in Blora, Central Java, with an investment of Rp 163
billion (US$69.45 million), the Investment Coordinating Board
says.

The board stated in a report that the refinery will be
operated by PT Humpuss Pengolahan Minyak, a subsidiary newly set
up by the Humpuss Group, with an annual production capacity of
119,212 tons of gasoline, 35,680 tons of kerosene, 127,985 tons
of diesel, 115,854 tons of residue and 26,288 tons of liquefied
petroleum gas.

According to the Bisnis Indonesia daily, the board reported
that the refinery's products will be sold on the domestic market.

Humpuss Pengolahan Minyak is the 13th private company approved
by the investment board to establish oil refineries in the
country.

The approved companies include PT Buana Ganda Perkasa, which
is controlled by business tycoon Probosutedjo; PT Asia Pacific
Petroleum Indonesia, owned by businessmen Bambang Trihatmodjo and
Johanes Kotjo; and a subsidiary of British Petroleum Asia Pacific
Ltd, PT Tanjung Uban Refinery, whose license has been revoked due
to a delay in the construction of its refinery. (02)