Lots of Oil, No Tanks - Economy - magz.tempo.co

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Lots of Oil, No Tanks

Tuesday, April 28, 2020

In order to take advantage of sagging prices, Pertamina plans to buy oil in bulk. The problem is where to store it.

. tempo : 177626070894.

IT is anything but easy to readily find storage for 1.5 billion liters of crude oil, even for state-owned oil and gas company Pertamina. Pertamina is having difficulty finding enough tanks for the 10 million barrels of crude oil plans to be imported in order to get benefit from the falling global oil prices.

Realizing the need of giant tanks, Pertamina sent a letter to the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas), asking t

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