PT Pertamina eyes new export market for lubes

PT Pertamina has announced its plans to export 150,000 kiloliters of lubricating oil to the Middle East and Africa in 2011. Pertamina Marketing and Trade Director Djaelani Sutomo said, “We are looking at Egypt, Jordan and several African countries.” The company’s lubricant Fastron is currently exported to countries including Australia, Japan, Singapore, Pakistan, United Arab Emirates, Belgium, Philippines, Timor Leste and Myanmar. In 2010, Pertamina exported 80,000 kiloliters of lubricants worth US$240 million. (January 13, 2011)