Our mission is to develop, own, and operate small-scale crude oil refineries in cooperation with local stakeholders in the Republic of Indonesia. New regulations introduced in 2016, have opened up the petroleum refining and distribution industries to the private sector for the first time ever. We aim to reduce transportation costs by locating 5,000 to 20,000 barrels per day refineries near producing crude oil feedstock supplies and near growing and under-served local markets for the fuels we refine.
Our core competency exists in Indonesia, where our management has over 60 years of "boots on the ground" experience. This gives us the local operating expertise and business relationships to capitalize on the booming energy demand in this fourth most populous country in the world. In their "The World in 2050" report, PWC predicts Indonesia to replace Germany as the fifth largest economy in the world by 2030 and replace Japan as fourth by 2050. Continental Energy Corporation intends to be one of the reasons why.