BPMIGAS tenders Bontang condensate
Wednesday, July 5 2006 - 05:24 PM WIB
Upstream oil and gas authority BPMIGAS had opened tender to sell 200,000 barrels of Bontang Return Condensate (BRC) for immediate offtake, Deputy chairman in charge of marketing Eddy Purwanto said.
Under the existing oil and gas law, BPMIGAS has the right to sell government?s shares of crude and condensate.
A source said that the condensate might be hard to sell as it was contaminated with water.(godang)