PT Pertamina Balikpapan

Balikpapan Expansion Support - Commercial Loan

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

Deal Overview

PT Pertamina Balikpapan signed a $800mn commercial loan for the expansion of Balikpapan refinery. The upgrades to the scheme, which has been in operations since 1922 and is located in East Kalimantan, have an estimated cost of $4 billion. Once completed, the state-backed refinery will have an...

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Deal Volume
$800m
Financial Close
12/05/2023
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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