Pertamina signs base oil sale, purchase deal with CS Caltex

State-owned oil and gas firm PT Pertamina said on Tuesday its subsidiary PT Pertamina Lubricants has recently signed a base oil sale and purchase agreement with CS Caltex Corporation.

The company said in a statement that the agreement was signed by President Director of Pertamina Lubricants, Gigih WH Irianto, and Executive Vice President of CS Caltex Corp, SH. Hur.

Gigih said that the agreement with CS Caltex, a South Korean energy firm, was made amid growing demand for base oil material.

Editing by Reiner Simanjuntak