Pertamina to set up gasoline stations overseas
Saturday, March 14 2015 - 05:10 AM WIB
State-owed oil and gas firm PT Pertamina plans to build gasoline retail stations in Myanmar and Cambodia this year, and a fuel bunker in Singapore, Kontan reported Saturday.
The paper quoted Pertamina Marketing and Commercial Director Ahmad Bambang as saying that the company was planning to develop only about 2-3 gasoline stations in the two countries in the initial overseas expansion drive, with total investment requirement of around US$10 million.
He added that Pertamina will not team up with local players in entering the fuel retail market in the two countries.
Ahmad said that Pertamina was planning to build a fuel bunker in Singapore to provide fuel to ships in the Malacca Strait, where the fuel market is dominated by Singapore and Malaysia. (*)