JTT gets $3.57m loan
Tuesday, November 6 2012 - 01:29 AM WIB
By Peni Pedriawan
IDX-listed fuel distribution firm PT AKR Corporindo announced the signing of a shareholder loan agreement which paves the way for a US$3.57 million financing to unit PT Jakarta Tank Terminal (JTT).
JTT, which is a joint venture between AKR and Dutch storage firm Royal Vopak, operates tank terminal in the port of Tanjung Priok.
The terminal is equipped with submarine pipeline and two jetties that can handle tankers with 65,000 DWT plus 8,000 DWT.
At the first stage, JTT has capacity to store 136,000 m3 of diesel oil and 114,000 m3 of high-octane mogas with octane number of 92 and 95.
Editing by Dadan Wijaksana