Indonesian refinery considers switch to Iranian oil
Pertamina, Indonesia’s state-owned oil and gas company, has indicated that it may replace its Saudi Arabian supply of Cilacap refinery with less expensive oil from Iran, reports the Jakarta Post.
At present, Pertamina’s president Baihaki Hakim said his company is operating under a six-month agreement with the Saudi Aramco company, but it is conducting negotiations for a new contract with both the Saudis and the Iranians.
Baihaki noted that if an agreement with Iran is reached, Pertamina would purchase at least between four and six cargoes of crude, each consisting of 1.8 million barrels of oil.
Aramco currently supplies Cilacap with some 120,000 barrels of oil per day, or 3.6 million barrels per month. – (MENA Report)
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