News
16 May 2019

Pertamina expects bank mandates Q3 for Balikpapan refinery

In:
Oil & gas
Region:
Asia-Pacific

State-owned oil and gas company Pertamina is expected to mandate banks in Q3 for its $5 billion Balikpapan refinery expansion in East Kalimantan, Indonesia.The 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...

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