Pertamina, Indonesia’s state energy company reportedly wishes to reduce imports by buying more of its domestic crude. The decision has urged the state energy company to strike a deal with U.S. oil majors Chevron Corp (CVX) and Exxon Mobil Corporation (XOM) and purchase their share of Indonesian crude production for the second half of this year. As per reports, Dharmawan Samsu, director of upstream at Pertamina informed that the negotiation with both the oil majors was still on and the company expects positive and promising results from Chevron Corp, however, Dharmawan Samsu, director of upstream at Pertamina, expressed that with Exxon it was too early to comment on any conclusion.
Pertamina expects to purchase 2.5 million barrels of Minas and Duri crude from Chevron per month and is yet to finalize a deal with Exxon Mobil for purchase of Banyu Urip crude. Erwin Maryoto, VP Public and government affairs ExxonMobil confirmed that the negotiation was still under process however, Chevron remained unavailable for comment.
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