Pertamina to import oil from Saudi Aramco

Jan 24, 2003 01:00 AM

Indonesian state-owned oil and gas company Pertamina plans to import crude oil from the Gulf with an estimate volume of 61.23 mm barrels this year. The imports will be supplied by Saudi Aramco (Arabian Light Crude) at the volume of 39.63 mm barrels and Kuwait 21.6 mm barrels.
The Pertamina believed that the possible war in Iraq would not disturb the oil transportation because the tanker routes had been declared "no war zones."

Pertamina also has signed production contract with the Iraqi government covering oil explorations at the high-risk oil fields and production process at the low-risk oil fields in that country.
Both parties ratified an agreement in October 2002, under which Pertamina is obliged to open a representative office in Iraq three months after the contract signing.

Indonesia is an oil-rich country and also the only member of OPEC in the southeast Asian region, with the daily export quota of some 1.2 mm barrels.

Source: Xinhua
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