Lamongan Logistik ties up with foreign investors

PT Lamongan Logistik Wira Jatim, a company owned by the East Java provincial administration, will tie up with a consortium of Singaporean companies in developing an integrated oil and gas logistics complex in the province, Bisnis Indonesia reported on Monday.

Yan Bastian, director of PT Lamongan said that the consortium, which comprises of two Singaporean companies ROAM and TEE International Singapore, would provide the funds needed for the development of the 300-hectare oil and gas logistics complex.

He said that the initial stage for the construction of infrastructure including jetty, ports, road and warehousing would be begun in December, this year. The initial works could be completed in July, next year. The total cost is expected to reach Rp 500 billion.

According to Bastian, the integrated oil and gas logistics complex which would be built in the northern coast of the Lamongan regency would receive oil and gas supplies from several companies operating in the regency including PT Lapindo Brantas, BP Kangean, Kodeco and Amerada Hess.

The oil and gas logistics complex will have a wide range of facilities, including a 22-meter jetty that can be used by a ship with a DWT capacity of 42,000 tons, a helicopter pad which meet international standards. (*)