+62 2129380882 office@aprobi.co.id

Pertamina may not export gasoil soon (FUEL)

• Pertamina may not export gasoil soon (FUEL): Despite securing the governments approval to export gasoil, state-owned energy giant Pertamina is in no rush to ship the fuel overseas as it may have to wait for the completion of its new refinery projects. The government recently permitted the firm to sell gasoil, the term used for diesel in many markets in Asia, on the international market under the condition the latter met domestic demand first and had an excess supply. Pertamina will likely begin overseas shipment of the oil in 2025 after its refineries are ready, especially because of the surging demand in the domestic market. It plans to expand the capacity of four of its existing refineries as well as build two new facilities in a bid to boost its refined oil production capacity to 2 million barrels per day (bpd) by 2025. (THE JAKARTA POST)