MALAYSIA'S PETRONAS OPENS FIRST GAS PUMP IN INDONESIA
People's Daily Online - March 09, 2006Malaysia's oil firm Petronas officially opened its first fuel outlet in
the Jakarta suburb of Cibubur Thursday, marking a start of the
company's ambitious target to build 200 outlets across Indonesia.
The outlet, actually has been operating since December last year, sells
only high-octane petrol priced from 5,400 rupiah (58 U. S. cents) per
liter.
Occupying an area close to luxury house complexes in Cibubur, the
outlet was accompanied by a Kentucky Fried Chicken restaurant, an
Automatic Teller Machine and a mini market.
Kamarulzaman Hasyim, director of the company's local unit Petronas
Niaga Indonesia, said Petronas will build 200 outlets on Java, Sumatra
and Kalimantan by 2011.
Speaking to journalists after the opening ceremony, Hasyim said
Petronas also plans to sell low-octane gasoline than enjoyed government
subsidies but the sales are remain under the monopoly of state-run oil
and gas firm Pertamina.
Petronas is the second foreign firm to open fuel retail outlet in
Indonesia after Royal Dutch Shell. The government has revoked retail
sales of non-subsidized fuel products effective this year.
Previously, the retail presence of foreign companies is limited to lubricant oil.
Source: People's Daily Online - english.people.com.cn