Pertamina expects bank mandates Q3 for Balikpapan refinery

State-owned oil and gas company Pertamina is expected to mandate banks in Q3 for its $5 billion Balikpapan refinery expansion in East Kalimantan, Indonesia.The expansion will be financed on a debt-to-equity ratio of around 70:30 with the $3.5 billion debt portion expected to come from a combination...