Pertamina's Processing & Petrochemical Achieves Positive Performance in Q2 of 2021

Source: www.gulfoilandgas.com 7/27/2021, Location: Asia

Pertamina's refining and petrochemical sector continues to prove its commitment to operational excellence . With the establishment of a subholding that focuses on managing the refinery and petrochemical sector, PT Refinery Pertamina Internasional (PT KPI) which carries out this mandate can realize its commitment by demonstrating positive operational performance.

In the second quarter of 2021, Subholding Refining & Petrochemical (SH R&P) - PT KPI managed to record a positive operating performance that exceeded the RKAP (Company Work Plan and Budget) target in the realization of total yield ( total yield) which in June 2021 had reached 94, 5%, which exceeded the planned oil flow (STS) which was set at 93.65%.

SH R&P Corporate Secretary Ifki Sukarya revealed that this positive total yield was the result of refinery optimization efforts carried out by producing high valuable products in accordance with crack spread movements (the difference between the price of crude oil as a raw material and the price of products that are used as raw material). factory produced).

In June 2021, PT KPI as SH R&P succeeded in achieving a positive yield valuable product¬ with realization at 80.51% compared to the RKAP target of 78.48%. Cumulatively, the achievement of yield valuable products from the beginning of the year exceeded the target by 3%.

What is meant by valuable products in the refinery business are refined products that have a selling value above the price of crude oil, such as Pertamax, Kerosene, Solar, Avtur, Paraxylene and Benzene.

In addition to the realization of good returns, another noteworthy operational achievement is the plant availability factor (PAF). Ifki said, “PAF is an indicator of the reliability of refinery operations against operational planning. Alhamdulillah, in June 2021, we have also succeeded in increasing this PAF to exceed the RKAP target, which is 100.51% of the target."


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