Pertamina invest robustly in Indonesia. State-owned energy holding company Pertamina has started a long-term investment program worth Rp 36 trillion (US$2.5 billion) to strengthen its downstream business, with a focus on constructing infrastructure for fuel and liquefied petroleum gas (LPG) distribution across the country. Investing in oil is blooming.
Pertamina supply chain and infrastructure director Gandhi Sriwidodo said in Sikka regency, East Nusa Tenggara, on Monday that some projects had been completed, while others were under construction or still being planned. Investing in oil is blooming.
The main objectives of the projects is to strengthen the nation’s energy sovereignty, support the government’s single fuel price program, the transition from kerosene to LPG in eastern Indonesia and to support inter-island connectivity as quoted from Kompas.
Pertamina had spent Rp 4.9 trillion to construct 10 fuel terminals and Rp 10 trillion to finance 12 LPG terminals. Investing in oil is blooming and profitable in the long run.
(source: The Jakarta Post)