Govt to sell 3 million barrels of crude stock
Monday, September 20 2010 - 08:51 AM WIB
The government plans to sell 3 million barrels of its crude stock starting the end of this month until October this year to help meet the national target of oil lifting, which has been set at 965,000 barrels per day.
Upstream oil and gas regulator BPMIGAS chairman R Priyono said the government has 11.58 million barrels of crude stock as of September 16. The government will sell the crude with premium price or above Indonesia Crude Price (ICP), he added. (godang)