PT Kilang Pertamina International (KPI) processed crude oil above 340 million barrels throughout 2023, slightly higher than previous year’s position of 321 million barrels.
KPI President Director Taufik Aditiyawarman said the intake volume saw an increase of about 6 percent compared to the period throughout 2022. “In 2024, the target will increase further as the capacity expansion at the Balikpapan Refinery nears completion and its ability to produce high-quality products equivalent to Euro 5 standards,” Taufik said in a media statement on Tuesday, February 27, 2024.
He said refinery optimization was carried out by producing high-value products in line with the movement of the crack spread or the difference between the price of crude oil as raw material and the price of products produced by the refinery. “Refinery optimization is also carried out in the crude procurement process. We are given flexibility in processing crude to provide better refinery profitability,” he said.
Efforts to produce high-value products were made to increase the valuable yield figures by encouraging refineries to produce high-value products. According to him, KPI successfully achieved the target for the yield valuable product (YVP) ratio.
“The percentage of high-value product production reached around 83 percent, higher than the target in the RKAP of around 81 percent. In terms of refinery reliability, KPI successfully achieved the target,” he said.
“Throughout 2023, the plant availability factor was achieved above 99 percent,” he added.
The Energy Intensity Index (EII) for production in the refinery was recorded at 106.4, better than the RKAP set at nearly 107.8. As for the realization of the EII, the smaller the index number, the better the performance. Programs undertaken to reduce EII include the utilization of external electricity and gas as well as equipment rejuvenation.
