Pertamina to optimize own vessels for import
Monday, February 9 2015 - 01:03 AM WIB
State-owned oil and gas firm PT Pertamina will ?optimize? the use of own vessels in the import of fuel, crude and LPG as part of cost saving measures to help cope with the current drop in global oil price.
Pertamina Vice President for Corporate Communications, Ali Mundakir said in a statement Sunday that the company is expected to save more than US$100 million per year in import cost through the use of own vessels and the shift to free on board (FOB) trade system from cost and freight system.
Pertamina currently operates 64 own vessels of the total 200 vessels transporting fuel, crude and LPG for the company. The company aims to increase the number of own vessels to around 90 units, the statement said.
Editing by Reiner Simanjuntak