Govt to sell 3 million barrels of crude stock

The government will release between 2 and 3 million barrels of its crude stock until the end of the year to meet the national target of oil production, which has been set at 960,000 barrels per day.

?For November we will sell over 1 million barrels,? Director General for Oil and Gas Evita Legowo said on Wednesday.

Upstream oil and gas regulator (BPMIGAS) chief R Priyono had said the government had 12 million barrels of crude stock. The government released 1 million barrels of oil in October, he added. (*)