Investment Value Around USD 7,180 Million
BANYUWANGI – South Korean businessman plans to invest in Bumi Blambangan. Yesterday (15/5) they came to conduct a field study related to the plan to build an oil refinery in Wongsorejo District. Apart from conducting field studies, they also met the Regent Abdullah Azwar Anas yesterday. A group of South Korean businessmen led by Mr. Soe Won Eui explained the plan to set up an oil refinery in Banyuwangi.
The oil refinery to be built in Banyuwangi is named PT. Banyuwangi International Oil Refinery. Mr . explained. Soe Won Eui, PT. Banyuwangi International Oil Refinery is a combination of international oil companies that came to Indonesia to establish an oil refinery. In Indonesia, The South Korean businessman has partnered with PT. Black Gold Oil Refinery, Jakarta. The plan, The oil refinery will be built in Wongsorejo District. Land required approx. 300 hectare .
When meeting the regent, Mr .'s team. Soe also explained the production capacity of the refinery to be established, that is 300.000 barrel per stream day (BPSD), and the investment to be invested is US$ 7,180 million. Regarding the need for crude oil at the refinery, Soe said, will be supplied from Iran and Venezuela. “Our mission to help the government and people of Indonesia through the refinery in accordance with the current needs of the domestic market thus increasing the national income (Our mission is to help the government and people of Indonesia through oil refineries, according to the needs of the current domestic market, so that it can increase national income),Soe Won said.
According to Soe Won, there are several reasons why they chose Banyuwangi as the location of the factory establishment. One consideration, because Banyuwangi is the border of eastern and western Indonesia. Therefore, oil can be distributed efficiently throughout the archipelago. Another reason is because East Java (Banyuwangi) as an area with high economic growth after Jakarta. However, despite the highest economic growth, So far, we don't have an oil refinery.
The infrastructure available in Banyuwangi is also a consideration for the businessman from the Ginseng Country. They also assessed that the Banyuwangi Regency Government had a strong commitment to developing infrastructure. The Banyuwangi Regency Government welcomes the oil refinery investment plan. The local government promised a number of incentives to the Korean businessman if he really invested in Banyuwangi. Acting Head of the Integrated Licensing Service Agency (BPPT) Abdul Kadir said, the land needed for investment in Banyuwangi is always available. The local government is committed to providing the best and fastest service for investment. "The group of Korean investors promised to come again to Banyuwangi","said Kadir. (radar)
