Pertamina, KAI seal supplies sales/purchase deal
Wednesday, April 18 2012 - 02:39 AM WIB
Two state-owned companies PT Pertamina and railway services PT KAI have inked a supply sales agreement under which the oil and gas firm will supply 170,000 kl of industrial fuel and 2,100 kl of lubricant to the railway company for the next five years.
The agreement covers fuel and lubricant supply for KAI?s depots in Java and Sumatra.
After the signing, Pertamina President Director Karen Agustiawan said in a statement that she hoped the cooperation, which could boost Pertamina?s revenue by around Rp800 billion a year, would be expanded in the future in the form of fuel transportation and land use in addition to the purchase of fuels.
Editing by Dadan Wijaksana