Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need for imports. Indonesia imported 24.7mn kilolitres (425,000 b/d) of oil products last year, meeting 33pc of demand. Its domestic refineries accounted for other two thirds of requirements, with output of around 880,000 b/d, according to the energy ministry’s director of downstream oil and gas business development, Mohammad Hidayat.
