News
18 February 2019

Pertamina seeks financing for Balikpapan expansion

In:
Oil & gas
Region:
Asia-Pacific

State owned oil and gas company Pertamina is seeking financing for the Balikpapan refinery expansion in East Kalimantan, Indonesia.The $5 billion expansion will be financed on a debt-to-equity ratio of around 70:30 with the $3.5 billion debt portion expected to come from a combination of ECA, DFI...

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