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Pertamina enters bunker deal with state-owned mining firms

15 Mar 2019

Indonesian state-owned oil company Pertamina on Thursday (14 March) said it has entered into strategic partnerships with a number of state owned enterprises, locally known as Badan Usaha Milik Negara (BUMN), for the supply of marine fuel and other products.

Under the agreement, Pertamina will supply PT Inalum, PT Bukit Asam, PT Aneka Tambang, PT Timah, firms under BUMN Mining Industry Holdings, Biosolar (biofuel) and 180 centistokes (cSt) marine fuel oil 180 for a period of five years.

The total initial volume will start at 25,000 kilolitres (kl) per month and would increase to 40,000 kl per month; all firms will purchase oil from Pertamina at a similar price under the ‘Strategic Cooperation Agreement on Refined Oil Prices’ arrangement.

“This is a very important step so that we can provide the best for the nation,” said BUMN Minister Rini Soemarno.

“With synergy between BUMNs, it is expected that efficiency can increase, BUMNs will benefit and services to the community can be more optimal and can provide prosperity for the people of Indonesia.”

Related: Pertamina to increase domestic marine fuel oil sales volume
Related:  Energy Minister approaches firms to use Pertamina fuel oil

Photo credit: Pertamina
Published: 15 March, 2019

 

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