State oil and gas Pertamina will export lubricant oil to China amidst growing concerns that the Asean-China FTA may hamper local industries to develop.

Pertamina believed before the first half of 2010 ends, the oil will have been available in China’s markets.

Pertamina Lubricant Oil Vice President Hendrato Tri Y said on Monday in
Jakarta, Feb 8, that China may be superior over Pertamina as regards
prices. However, Pertamina will provide the market with products of
better quality compared to Chinese local products. “The prices there
are lower. But we believe in the quality of our products,” he said.

As an early step, he said that Pertamina will only be targeting sales of 3,000 kiloliters of lubricant oil.

Source: VIVAnews

Search to find what you want

• Pertamina aims for 8% increase in crude output

    Indonesia’s Pertamina aims to increase oil production by up to 8% next year.

• Pertamina EP is expected by 2009 oil production beyond the targets for

    Given the high production rate achieved recently, PT Pertamina EP, a subsidiary of state oil and gas company PT Pertamina, expects to produce more than this year’s oil production target of 125,500 barrels oil per day (bopd).

• Pertamina Importing: 17.28 million barrels of fuel Jan-Feb

    Indonesian state oil company PT Pertamina plans to import 17.28 million barrels of oil products in January and February, a company official said Tuesday. Pertamina will import 5.5 million barrels of gasoline and 1.8 million barrels of gasoil this month, said Pertamina spokesman Basuki Trikora Putra. In February, it will

• Pertamina expect more than 10 percent of oil production increase in 2010

    State oil and gas company PT Pertamina expects to boost oil production by 10.93 percent next year, president director Karen Agustiawan told lawmakers Thursday. ?”We expect that Pertamina oil production will increase from 174,000 bopd barrels of oil per day, which is the production target for 2009, to 193,900 bopd

• Pertamina plans shares by 2013-List

    Indonesia’s state oil and gas company Pertamina plans to list three of its units involved in gas distribution, drilling and exploration on the stock exchange by 2013, a company spokesman said yesterday. The three units are gas distribution company Pertagas, drilling outfit Pertamina Drilling Services and upstream unit Pertamina Hulu

• Pertamina May following RP20 trillion in profit this year

     State oil and gas company PT Pertamina said it may post a net profit of Rp20 trillion this year if the crude oil price exceeds US$70 a barrel. “If the cruse oil price rises above US$70 a barrel, our profit may reach Rp18 trillion to Rp20 trillion. This will all

• Pertamina may keep oil rights – Regulator

    Indonesia’s state oil firm Pertamina may retain its exclusive right to supply and distribute subsidised oil products next year, a regulator said Monday, beating out interest from several international oil firms. Royal Dutch Shell Plc and Malaysia’s Petronas were among the companies that have joined an Indonesian tender to distribute subsidised

• Petr Amina wants to take over assets in Indonesia, ConocoPhillips

    Indonesian state-owned oil and gas company PT Pertamina said it is ready to take over all assets of ConocoPhillips in the country. The company, based in Houston, Texas, the United States, has announced plans to sell its entire assets abroad. The ConocoPhillips assets in Indonesia are estimated to be worth

• Castrol Marine lubricants to open new technology center in China

    Marine lubricant supplier Castrol Marine has announced it will be developing a dedicated lubricant technology centre in in the Jinqiao Science Park in Shanghai, China. The new technology centre will focus on the development of lubricant technology for the marine industry, as well as the company’s offshore, aviation, automotive and

• Pertamina is $ 300 million for 12 oil tankers

    State oil and gas company Pertamina plans to buy 12 tankers with a total investment of US$333 million this year. The tanker order is expected to be finalized between 2012 and 2013, Suhartoko, senior vice president of shipping at Pertamina said over the weekend.

• Pertamina brooding bunkering facilities in Java

    Indonesia’s state-owned oil firm PT Pertamina and port operator PT Pelabuhan Indonesia II are planning to develop bunkering facilities in Java. The bunkering facilities would be at Jakarta’s Tanjung Priok port and at a proposed refinery at Bojanegara Harbor in Banten Province in the west of Java.

• Pertamina seeks help for LNG terminal

    Indonesia’s state oil and gas company Pertamina is seeking a partner for a planned liquefied natural gas receiving terminal.

• Lanka IOC enters Marine Lubricants segment

    Close on the heels of consolidating the bunker fuel business at Colombo, Lanka IOC has made entry into the highly competitive Marine Lubricant segment. SERVO brand of Marine Lubricants are approved by leading Marine Engine manufacturers like Wartsila, Yanmar, MAN B&W etc. Lanka IOC has made arrangement for storage of

• Pertamina secures $ 700 million loan for the financing of investments

     PT Pertamina said Friday it secured loans worth $700 million in total to finance its capital expenditure for this year.  A group of banks organized by Citigroup agreed to loan $400 million to the state-owned oil and gas company.  Meanwhile, PT Bank Mandiri leads a group of local lenders which

• Sealub Alliance coverage extends 700 Port

    The Sealub Alliance network of marine lubricant suppliers formed last year by Gulf Oil Marine reports that it has added new member Prista Oil Holding, expanding the network’s coverage to more than 700 ports in 50 countries. Bulgarian-headquartered Prista will have exclusive rights to produce and supply Sealub Alliance marine lubricant