JAKARTA, March 18 (Xinhua) -- The Indonesian government has prepared at least 21 downstream projects worth 40 billion U.S. dollars to advance its downstream agenda, a senior official said Tuesday.
The projects span various strategic sectors, including oil and gas, mining, agriculture, and marine industries.
Secretary General of Indonesia's Ministry of Energy and Mineral Resources Dadan Kusdiana said the 21 downstream projects include four Dimethyl Ether (DME) projects, one iron project, one alumina project, one aluminum project, two copper projects, and two nickel projects.
"The entire master plan was prepared by the previous government. This is not a sudden initiative. We also have a downstream task force responsible for improving policy coordination with local governments, implementing business priority standards, and enhancing state revenue. This coordination has accelerated the downstreaming process," Kusdiana said at the Indonesia Mining Forum in Jakarta.
Previously, Minister of Energy and Mineral Resources Bahlil Lahadalia said that one of the priority projects was the construction of an oil storage facility on Nipah Island to enhance national energy security. The storage facility is expected to meet national demand for 30 days, he noted.
"The government will build a refinery with a capacity of 500,000 barrels per day, making it one of Indonesia's largest oil processing facilities. This project aims to ensure a more stable domestic energy supply and reduce import dependence," Bahlil said. ■
