Pertamina Lubricants signs financing deal with BRI

State-owned lubricants maker PT Pertamina Lubricants signed on Wednesday a financing facility agreement with state-controlled Bank Rakyat Indonesia (BRI).

Pertamina Lubricants President Director Ageng Giriyono said in a statement that the “distributor financing” facility will help improve the distribution volume capacity of the company’s distributors.  BRI will also provide other banking services to the distributors.  

He expected that the financing facility will also help Pertamina Lubricants in increasing sales volume.

Editing by Reiner Simanjuntak