Government to help TWU to resume production of mini refinery

The government will find ways to help Tri Wahana Universal (TWU), a subsidiary of IDX-listed PT Saratoga Investama Sedaya Tbk, resumes production of its mini fuel refinery in Bojonegoro, East Java, Investor Daily reported on Tuesday.

?I don?t understand why production has stopped. We?re now trying to (find ways) resume production, because they (TWU) have complained to us,? Coordinating Minister for Political, Legal, and Security Affairs Luhut Binsar Panjaitan said as quoted by the paper.

He said that the issue will be discussed with the upstream oil and gas authority SKK Migas, Ministry of Energy and Mineral Resources, and state-owned oil and gas firm PT Pertamina. ?I don?t understand why it has stopped productin,? Luhut said.

TWU suspended production at the mini refinery as no agreement has been reached between the firm and crude suppliers on the price of crude supply, said Saratogo, which has a 35 percent effective interest in TWU, in a statement February 18.

TWU operates a small scale refinery with a processing capacity of 18,000 bpd. The refinery gets crude supply from Mobil Cepu Limited oil field, which is channeled through five kilometers pipe to the Bojonegoro plant. (*)