Asia/Pacific News
Indonesia's Pertamina Aiming for 5-10% of Malacca Strait Bunker Market with New Venture
In combination with the completion of its new terminals, Indonesia's Pertamina is taking steps to win 5 to 10 percent of the bunkering business in the Straits of Malacca through the establishment of a new bunkering subsidiary, local media reports.
The subsidiary will be known as Pertamina International Downstream Services, said Dwi Soetjipto, Pertamina's president director, noting that "the subsidiary must be formed by September."
The bunker company will become the operator of Pertamina's newly upgraded fuel terminals on Sambu Island, Batam, and in Tanjung Uban, Bintan in Riau Islands province, says Dwi.
As Ship & Bunker reported last year, work on the Sambu and Tanjung Uban terminals began in February 2012 and were planned for completion by June 2016.
Dwi says the Sambu fuel terminal will begin operations this month, while the Tanjung Uban terminal will be operational by October.
Pertamina is reported to currently control about 1 percent of the Malacca Strait bunkering market.
As Ship & Bunker previously reported, Pertimina has long held the intention of capturing demand from the Malacca Strait, which currently mainly flows to Singapore.
