Purnomo inaugurates AKR?s fuel terminal
Thursday, December 4 2008 - 05:53 AM WIB
Minister of Energy and Mineral Resources Purnomo Yusgiantoro on Thursday inaugurated operations of a fuel terminal operated by IDX-listed firm PT. AKR Corp in Stagen, Pulau Laut, South Kalimantan.
According to the Ministry?s release, the terminal, which currently has 40,000 kiloliters ( 8 x 5,000 kls) storage capacity will support fuel distribution in Kalimantan and Sulawesi area.
The terminal?s capacity would be expanded to 50,000 kls with the completion of two more tanks.
AKR has invested US$15 million to develop the project, the release said.(denny)