Petronas plans opening fuel stations in Indonesia

Officials of state oil and gas firm Pertamina and Malaysia's energy firm Petronas have discussed the possibility for Petronas running fuel stations in Indonesia and selling the item under its own brandnames, a Pertamina official said Tuesday.

"We have discussed Petronas' interest to open new fuel stations in Indonesia in cooperation with Pertamina. It can sell fuel under its own brandnames but the product will come from Pertamina," Pertamina's downstream director Harry Purnomo told reporters in Jakarta.

Harry said Petronas could also use Petramina's fuel stations.

The current oil and gas law, put into force in 2001, allows foreign investors to do businesses in Indonesia's downstream oil and gas sector. The law put an end to Pertamina's decades long monopoly over the country's upstream and downstream oi and gas sectors. (godang)