Citra Tubindo joins Caltex tender
Thursday, November 29 2001 - 02:56 AM WIB
The publicly-listed PT Citra Tubindo has joined the recent tender for pipeline installation project owned by oil and gas company PT Caltex Pacific Indonesia, the Bisnis Indonesia daily reported Thursday.
The paper said that Caltex would announce the winning bidder for the US$40 million pipeline project within three months.
The country?s anti monopoly watchdog (KPPU) recently ruled Caltex to annul a three-year business contract worth $12.3 billion per year won by Citra Turbindo due to alleged violation of fair business practice, the paper said.(*)