Pertamina

Indonesian National Oil and Gas Company Pertamina Finds New Investor In NYK

NYK has reached a basic agreement to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of PT Pertamina (Persero), a state-owned oil and gas company based in Indonesia. The parties plan to conclude an investment agreement and complete the investment by the end of 2022.

Strengthening Ties

Pertamina is the largest state-owned oil and gas company in Indonesia, where energy demand is expected to continue to increase in tandem with the nation’s remarkable economic growth. NYK...

https://mfame.guru/indonesian-national-oil-and-gas-company-pertamina-finds-new-investor-in-nyk/

Pertamina Aims On VLSFO Bunker Blendings At Sambu By 2023

Pertamina International Marketing and Distribution (PIMD), the trading arm of Indonesia’s state-owned Pertamina, aims to produce its own very-low sulphur fuel oil (VLSFO) bunkers for the Singapore bunker market by 2023 at its terminal on Sambu Island, according to market participants, says an article published in Argus.

Fuel terminal expansion

Pertamina (Persero), PIMD’s parent company, signed an agreement in May 2019 with US-based commodity firm Freepoint Commodities to expand and modernise its...

https://mfame.guru/pertamina-aims-on-vlsfo-bunker-blendings-at-sambu-by-2023/

Tanker Hired for Fuel Storage While Bargain Hunting Proceeds

  • Pertamina looking for cheap imports on the spot market.
  • State-owned company also seeking a vessel to hold crude oil.
  • The move comes as Indonesia, one of Asia’s biggest refined fuel importers, weighs the merits of processing its own crude or buying fuels from abroad.

Indonesia is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as gasoline and diesel, write Serene Cheong and Saket Sundria for Bloomberg.

Vessels booked for fuel...

http://mfame.guru/tanker-hired-for-fuel-storage-while-bargain-hunting-proceeds/

HSFO or VLSFO ? Fuel Testing to Deal With IMO 2020

Freepoint Commodities Singapore says it will start supplying very low-sulfur fuel oil (VLSFO) in the fourth quarter in the world’s largest bunkering port when ships start testing a fuel that will meet global standards going into effect from 2020, reports Reuters.

Pertamina for oil blending

The U.S. commodities trading company is also upgrading a terminal owned by Indonesian state energy firm Pertamina where traders can blend oil into VLSFO and supply the fuel to neighboring Singapore, Ouyang...

http://mfame.guru/hsfo-or-vlsfo-fuel-testing-to-deal-with-imo-2020/

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