The Irony of a Petroleum Country

There is a possibility that Caltex will supply Pertamina with refined fuels. But will Caltex's offer in fact be a good one?

August 28, 2001

IT'S rather ironic that although Indonesia is an oil-producing country, it always has difficulty with the supply of refined fuels. Almost every year, Indonesia has to literally look all over the place for refined fuels in order to meet ever-increasing domestic demand. This year for example, Indonesia is very busy looking for an additional supply of 21 million barrels—or 3.4 million kiloliters (kl)—of refined fuels. As a matter of fac

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