Foreign Firms Eye Local Gasoline Business
PT Chevron Pacific Indonesia (CPI) is set to open gas stations in Indonesia following in the footsteps of other foreign firms, including Malaysia's Petronas and Dutch company Shell, an official says.
Erie Soedarmo, director for downstream business at the Energy and Mineral Resources Ministry, told The Jakarta Post on Sunday (4/3/07) that the government has issued a temporary license for the Riau-based company to operate gas stations. "They only have to submit a list of real investments they are going to make to get a permanent license," Erie said.
CPI's corporate communication manager, Ratna Novanti, confirmed the statement, adding that the company was conducting a feasibility study. "We are not yet able to reveal the number of gas stations to be built or their locations, as our study has not been yet completed," she said.
Erie said the government did not set a deadline for the company to apply for a permanent license.
In another step toward creating a competitive gasoline market in the country, Total E&P also plans to open five gas stations in Greater Jakarta this year selling high-quality fuels.
These plans will intensify competition in gasoline retailing in Indonesia, with Total and Chevron going head-to-head with the three existing players in the market, state oil and gas firm Pertamina, Shell Indonesia -- the local arm of Royal Dutch Shell -- and Malaysian state oil and gas firm Petroliam Nasional Berhad -- Petronas.
Erie Soedarmo, director for downstream business at the Energy and Mineral Resources Ministry, told The Jakarta Post on Sunday (4/3/07) that the government has issued a temporary license for the Riau-based company to operate gas stations. "They only have to submit a list of real investments they are going to make to get a permanent license," Erie said.
CPI's corporate communication manager, Ratna Novanti, confirmed the statement, adding that the company was conducting a feasibility study. "We are not yet able to reveal the number of gas stations to be built or their locations, as our study has not been yet completed," she said.
Erie said the government did not set a deadline for the company to apply for a permanent license.
In another step toward creating a competitive gasoline market in the country, Total E&P also plans to open five gas stations in Greater Jakarta this year selling high-quality fuels.
These plans will intensify competition in gasoline retailing in Indonesia, with Total and Chevron going head-to-head with the three existing players in the market, state oil and gas firm Pertamina, Shell Indonesia -- the local arm of Royal Dutch Shell -- and Malaysian state oil and gas firm Petroliam Nasional Berhad -- Petronas.