Citra Tubindo wins Caltex' bid

PT Citra Tubindo has won PT Caltex Pacific Indonesia's bid for supplying OCTG (Oil Country Tubular Goods) for a period of 3-year plus extension option of 1-year or more effective from the first OCTG hand-over.

The contract worths approximately US$. 12,350,000 per annum and on 3 October 2000 Citra Tubindo's directors signed "Casing and Tubing Purchasing with Consignment Agreement" with PT Caltex Pacific Indonesia ". (*)