PII mulls covering financial risk of Bontang
PII has been funded by the state budget as well as the World Bank
PII has been funded by the state budget as well as the World Bank
The Jakarta Post - Infrastructure project financing guarantee agency PT Penjaminan Infrastruktur Indonesia (PII) is in talks over a plan to cover financial loss risks for the construction of an oil refinery in Bontang, East Kalimantan, estimated to cost between US$10 billion and $12 billion.
The Bontang refinery, which will be Indonesia’s seventh oil refinery, will have a total production capacity of 300,000 barrels per day (bpd) of refined fuel.
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