PT Pertamina Balikpapan

Balikpapan Refinery - ECA Financing

Industry
Oil & gas/Oil - Downstream (Refining)
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Asia Pacific
Countries
Indonesia

Deal Overview

Indonesian energy firm Pertamina signed the ECA-backed debt package to finance the expansion of its Balikpapan refinery in Borneo Island. Pertamina's wholly-owned subsidiary Kilang Pertamina Balikpapan is the project company. The upgrades to the scheme, which has been in operations since 1922...

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Deal Volume
$3.1bn
Financial Close
31/08/2023
Dealmakers
Hugo Dubost

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Akhilesh Chandrakar

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Sources
Submitted by participant(s),

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Tranches

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Project Deals

Balikpapan Refinery Upgrade Project
$6.73bn
Brownfield
Oil - Downstream (Refining)
Asia Pacific
Asia Pacific
Indonesia