Indonesia inaugurated the upgraded Balikpapan refinery, increasing its processing capacity to 360,000 bpd from 260,000 bpd. The $7.4 billion project aims to enhance self-sufficiency in fuel supply, with expectations to stop importing gasoil and jet fuel by 2027. The ceremony was attended by President Prabowo Subianto and Energy Minister Bahlil Lahadalia.
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