TPPI will continue to get condensate

Upstream oil and gas regulator BPMigas said that it would continue to supply condensate to PT Trans Pacific Petrochemical Indotama (TPPI) although the latter has yet to repay debts worth US$180 million resulting from transactions made in 2008-2009, BPMigas Chairman R. Priyono said as quoted by Bisnis Indonesia on Monday.

But Priono declined to disclose the condensate volume required by the East Java-based TPPI. ?This is a domestic production (facility), we need to support the refinery. As long as it is domestic-based, we?ll give support,? he said.

TPPI is expected to repay its debt to BPMigas, state oil and gas firm Pertamina, and the government on August 15, 2011. (*)