Jakarta (ANTARA) – President Prabowo Subianto on Monday inaugurated the Refinery Development Master Plan (RDMP) project at Refinery Unit V in Balikpapan City, East Kalimantan, marking the start of operations at Indonesia’s largest oil refinery.In a livestreamed speech observed in Jakarta, Prabowo said the Balikpapan refinery, operated by state-owned energy company Pertamina, is the first RDMP project to be inaugurated in Indonesia in the past 32 years.The president welcomed the completion of the facility and expressed hope that it would help reduce Indonesia’s dependence on imported fuel, citing the country’s significant potential in biodiesel, geothermal, solar, and hydropower energy.He emphasized the need for Indonesia to manage and utilize its abundant energy resources effectively in order to achieve energy self-reliance.“We must not depend on imported energy. This nation aspires to be self-reliant and has the capacity to achieve it, as our country is blessed with abundant resources,” Prabowo said.Meanwhile, Energy and Mineral Resources Minister Bahlil Lahadalia confirmed that the Balikpapan facility is Indonesia’s largest oil refinery, built with an investment of Rp123 trillion, or around US$7.3 billion.He said the government views the refinery as a strategic asset to modernize the national oil industry, increase processing capacity, produce higher-quality and more environmentally friendly fuel, support downstream development in the petrochemical sector, and strengthen national energy security.The refinery has a processing capacity of up to 360,000 barrels of oil per day, equivalent to about one quarter of national demand. Its output includes fuel products, liquefied petroleum gas, and petrochemicals.The facility is also projected to reduce fuel imports by Rp68 trillion, contribute Rp514 trillion to gross domestic product, lower sulfur content in fuel products to 10 parts per million, and increase the yield of high-value products to 91.8 percent.