Independent journal on economy and transport policy
01:33 GMT+2
Pertamina to buy 26 vessels worth $370m
(The Jakarta Post)
January 23, 2012
Rangga D. Fadillah, The Jakarta Post
To strengthen the country's energy security through a more reliable distribution system, state oil and gas firm PT Pertamina has announced that it will acquire 26 new vessels by 2015 with a total investment of US$370 million.
Of the 26 new vessels, 12 of are scheduled to be delivered this year, two in 2013 and one in 2014. Pertamina is currently processing the investment approval for the remaining 11 and the vessels are expected to begin operation in 2015 ...... Read more on The Jakarta Post
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