Pertamina, Sietco sign deal

Pertamina, Sietco sign deal

JAKARTA (JP): State oil and gas company Pertamina signed on
Monday a crude refining deal with Shell International Eastern
Trading Company (Sietco) allowing the latter to refine the
former's crude oil.

Pertamina's spokesman Ramli Djaafar said in a statement that
under the deal signed by Pertamina's president Baihaki Hakim and
Sietco's president Glyn Hallday, Sietco would refine 50,000
barrels per day (bpd) of Arabian Light Crude, which will be
imported by Pertamina.

Ramli said the deal had been approved by the ministry of
energy and mineral resources and would be evaluated from time to
time.

The contract is valid for three months from Oct. 1 to Dec. 31
this year.

"The crude to be refined will produce 16 percent mogas 97
octane, 20 percent kerosene, 18 percent automotive diesel oil,
43.5 percent fuel oil and 2.5 percent of refinery balanced,"
Ramli said.

Pertamina's refineries thus far supply 80 percent of the
country's fuel consumption, with the remaining 20 percent
fulfilled by fuel imports. (jsk)