Indonesia’s state oil and gas company Pertamina expects to save US$4 million a year as a result of its one-year term deal to purchase 10 million barrels of crude oil directly from Algeria’s state Sonatrach. Pertamina CEO Baihaki Hakim said the deal would help reduce the cost of crude imports as prices on the spot…
INDONESIA: Pertamina expects US$4 million a year savings from direct crude purchase deal with Algeri
Posted on September 16, 2002 by EnergyAsia