Pertamina scouts for fuel storage partner

PT Pertamina CEO Dwi Soetjipto said that the state-owned oil and gas company is looking for a private partner to provide fuel storage facilities, reports Tempo. Pertamina wants to increase its operational fuel reserve supply from 18 days to 30 days, he explained.

One of Pertamina’s target companies is PT Adaro Energy, which owns a fuel storage facility that can store up to 73,000 kiloliters of fuel in Tanah Laut, East Kalimantan. Dwi said that the storage capacity can still be increased.

“The facility will be used by Pertamina to secure fuel supply to the Eastern part of Indonesia,” he said.

Energy and Mineral Resources Ministry Sudirman Said said that good infrastructure is necessary in order to increase fuel reserves. However, to construct new fuel storage facility from scratch would take time and money. Sudirman said that the government is currently scouting several fuel storage infrastructures available for use, such as an old fuel tank belonging to the State Electricity Company (PLN).