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Pertamina, Pelindo II ink fuel storage deal

Pertamina, Pelindo II ink fuel storage deal
Fellow Indonesian state-owned enterprises (SOEs) Pertamina and Pelindo II signed a fuel supply deal that will see the port operator develop fuel terminal for the former at its new Kalibaru port in North Jakarta, local reports said.

The Pertamina terminal will consist of several facilities, including fuel storage for ships and other vessels, and will have a capacity of handling 500 metric tonnes of fuel and increase its storage capacity to 30-days worth from the current capacity of 18 to 20 days. However, no details have been revealed about the amount of investment needed to develop the terminal.

Pelindo expects to complete the first phase of its Kalibaru expansion project in 2017, adding 4.5m teu of capacity to the existing port. By 2023, the total capacity will surge three times from the current level.