TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsPertamina domestic crude intake jumps 800 percent
The supply up to June had come from 37 different private oil and gas contractors.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Logo of state-owned oil and gas holding company Pertamina (Courtesy of/3dwarehouse.sketchup.com)
U
p to June, state energy holding company Pertamina has purchased 116.9 thousand barrels of oil per calendar day (MBCD) from local private contractors, an 800 percent jump from 2018’s full-year realization, which stood at 12.8 MBCD.
The jump in the crude intake, which was then distributed to Pertamina's refineries, was supported by the government's policy that required Pertamina and other oil companies to prioritize domestic supply to help reduce oil imports.
Pertamina vice president for corporate communications Fajriyah Usman said on Tuesday that the supply up to June had come from 37 different private oil and gas contractors (KKKS).
"By prioritizing domestic crude production, we’ve secured supply for our refineries," she said in a press statement.
Fajriyah further said Pertamina would continue to buy more crude from the KKKS and that the company had stopped importing heavy crude, super heavy crude, as well as light and medium crude.
The policy to prioritize domestic crude production is based on Energy and Mineral Resources Ministerial Regulation No. 42/2018 on the use of domestic crude production for local demand.
Under the regulation, Pertamina and other oil companies are required to prioritize domestic crude supply, instead of exports. The KKKS and its affiliates should also offer their crude to Pertamina and other fuel companies. (bbn)
