Pertamina, PLN agree to extend fuel supply umbrella contract
Friday, November 18 2011 - 01:14 AM WIB
State oil, gas company PT Pertamina and state electricity company PT PLN have agreed to extend fuel supply umbrella contract for another three years to 2015, said PLN division head for oil and gas procurement M. Suryadi Mardjoeki.
The volume of fuel supply is in line with PLN needs and with a maximum limit set under the State Budget. As for 2012, the volume of fuel to be supplied to PLN under the umbrella contract will reach 6.8 million kiloliters.
Under the umbrella contract agreed by both parties, the price of fuel to be supplied to 22 destinations is set at 5 percent above MOPS (Mean of Platts Singapore) and 3 destinations with price of 8.5 percent above MOPS. (bernard)