Downstream energy insurers brace for $50mn-$100mn loss from Balongan refinery explosion
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Downstream energy insurers brace for $50mn-$100mn loss from Balongan refinery explosion

Anna Sagar
06 April 2021
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Indramayu, Indonesia. 29th Mar, 2021. Smokes and massive fire rise from an oil refinery of state-owned oil and gas company PT Pertamina at Balongan, Indramayu, West Java, Indonesia, on March 29, 2021. Three people went missing and 19 others were wounded w

Downstream energy insurers are bracing for a potential loss from the explosion at a Pertamina-owned refinery in Balongan, Indonesia, Insurance Insider understands.

AJ Gallagher is the broker for the policy, with AIG and Axa XL understood to be on the slip.

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