Pertamina not interested to buy BP?s Singapore, Malaysia petrol stations
Wednesday, January 7 2004 - 03:08 AM WIB
State oil and gas company PT. Pertamina said it was not interested to buy BP Plc.?s petrol stations in Singapore and Malaysia which will be put on sale soon.
?Pertamina will be focusing on Indonesian downstream sector, therefore we have no intention to buy," said downstream director Harry Purnomo.
Reports said BP is aiming to sell its 270 petrol stations - including 30 in Singapore - two liquefied petroleum gas bottling plants and its one-third stake in the Singapore Refinery Co as it pushes out of the two countries due to thinning profit margins in the sector.
Singapore daily The Straits Times reported Wednesday that likely candidates to buy the assets include America's ChevronTexaco, which operates Caltex stations here, state-owned Kuwait Oil, Oman Oil and Indonesia's Pertamina.(godang)