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

maaf email atau password anda salah

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.

Routine checking of storage tanks at Pertamina’s fuel oil terminal in Pontianak, West Kalimantan, October 2017./ TEMPO doc./Dhemas Reviyanto Atmodjo. tempo : 173056444144.

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

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

*You Save -Rp 102.000
*Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

*Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed?
To receive daily news by Email,

More Articles

Tempo English Tuesday, April 28, 2020
Tempo English Tuesday, April 28, 2020
Tempo English Tuesday, April 28, 2020
Tempo English Tuesday, April 28, 2020

More exclusive contents

October 28, 2024
October 21, 2024
October 14, 2024
October 7, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.