The Jakarta Post , Jakarta | Wed, 11/26/2008 12:20 PM
Local units of oil and gas companies Petronas (of Malaysia) and Shell (of the Netherlands) are bidding to distribute subsidized fuels in Indonesia next year, a project currently monopolized by state-owned Pertamina, Antara reported on Wednesday.
Ibrahim Hasyim of Downstream Oil and Gas Regulatory Agency BPH Migas said the body would convene to determine fuel distributors in early December.
He said in addition to Petronas and Shell, Pertamina and five other companies were bidding for tenders. The other companies are AKR Corporation, Patra Niaga, Petrobas, Bumi Asri Prima Pratama and Trans Pacific Petrochemical Indonesia (TPPI).
Ibrahim said the winners would need to sign contracts stipulating obligations.
According to the 2009 state budget, the government will subsidize a total 36.8 million kiloliters of fuel -- mostly premium (petroleum). It has also allocated an 8 percent margin for distributors.
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