Jakarta – Pertamina is continuing its partnership with Russian energy company Rosneft on the development of the Tuban Refinery, despite U.S.sanctions against the Russian firm, according to statements made by company and government officials this week. The project is currently in the Final Investment Decision (FID) phase, with a target completion date for that process in early December 2025.
The collaboration underscores Indonesia’s strategic approach to energy security and diversification, navigating geopolitical complexities to advance critical infrastructure projects. Pertamina’s continued engagement with Rosneft signals a commitment to the Tuban Refinery as a key component of Indonesia’s long-term energy goals, despite external pressures.
“So far it’s still with the old partner,” stated Simon Aloysius Mantiri, President Director of PT Pertamina (Persero), when questioned by journalists from the Ministry of Energy and Mineral Resources on November 10, 2025.Mantiri explained that the FID will determine the project’s feasibility and potential future plans. “We are currently in the FID process at the Tuban refinery, Final Investment decision. after that we will assess whether it is feasible for us to continue or whether there are other plans,” he said.
The company anticipates updating the public on the FID results shortly after its completion. “We might see the FID in early December.We will update again,” Mantiri added.
Minister of Energy and Mineral Resources Bahlil Lahadalia downplayed concerns regarding the impact of U.S. sanctions on the refinery’s construction, stating on October 24, 2025, after the 80th Mining and Energy Day Commemoration Ceremony at Monas, Central Jakarta, “Don’t worry, there are many roads to heaven. Don’t worry too much. We’ve got it figured out.”
(igo/hns)