Executive Summary

Key insights and market outlook

The Refinery Development Master Plan (RDMP) Balikpapan, Indonesia's largest refinery project, is set to be inaugurated by President Prabowo Subianto on December 17, 2025. The project, valued at US$7.4 billion, is expected to fulfill 22-25% of national fuel needs once operational. Initially targeted for completion by November 10, 2025, the project has been slightly delayed, with an initial operational ceremony held on that date for the Residual Fluid Catalytic Cracking (RFCC) Complex ³

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Full Analysis

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Deep Dive Analysis

Indonesia's Largest Refinery Project Set for Inauguration

Major Milestone in Energy Sector

The Refinery Development Master Plan (RDMP) Balikpapan, Indonesia's largest refinery project, is on track for inauguration by President Prabowo Subianto on December 17, 2025 ¹

²³. This significant energy infrastructure project represents a US$7.4 billion investment and is expected to contribute substantially to Indonesia's energy self-sufficiency ³.

Project Details and Progress

The RDMP Balikpapan project includes comprehensive production facilities and supporting infrastructure, including an oil storage capacity of 2 million barrels ¹

². While the project was initially slated for completion by November 10, 2025, it has experienced some delay. On November 10, an initial operational ceremony was held for the Residual Fluid Catalytic Cracking (RFCC) Complex, marking a significant milestone in the project's implementation ³.

Economic Impact and Energy Security

Once fully operational, the RDMP Balikpapan is expected to fulfill 22-25% of Indonesia's national fuel needs, significantly enhancing the country's energy security and reducing reliance on imported fuel ¹

²³. Energy Minister Bahlil Lahadalia emphasized that the project's completion will bring Indonesia closer to achieving self-sufficiency in energy, particularly for solar and aviation fuel ¹.

Government Oversight and Implementation

The project has been closely monitored by government officials, with Deputy Energy Minister Yuliot recently visiting the site to assess final progress before the inauguration ²

. The successful implementation of this mega-project demonstrates the government's commitment to enhancing national energy infrastructure.

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