Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business Pertamina investing $20 billion to cut oil imports LINDA SILAEN, Nikkei staff writer November 18, 2014 23:52 JST | ASEAN
JAKARTA - Pertamina, Indonesia's state energy company, plans to double domestic oil production to 1.6 million barrels per day by 2020 to cut imports.
According to the Energy and Resources Ministry, in 2014 Indonesia has had to import 608,000 barrels per day (bpd) and spend arround $150 million per month to meet domestic demand.
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