Pertamina mulls acquisition of Thai lubricant company

The Jakarta Post reported that state-owned oil and gas company PT Pertamina (Persero) may acquire a majority stake in a still unidentified Thailand-based company that owns a lubricant factory in Bangkok, Thailand. According to reports, Pertamina has set aside an acquisition budget of Rp100,000 million (US$10.36 million) to purchase a 100% stake in the company. (November 14, 2012)