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Plan to prevent oil shortage unveiled JAKARTA - Indonesia's oil and gas company Pertamina will urge the government to request production-sharing contractors not to export crude oil in case of an oil shortage caused by the war in Iraq, The Jakarta Post reported Thursday. "The contractors should focus on meeting the Indonesian domestic oil demand, if the war breaks out and leads to an oil shortage," Pertamina's spokesman Ridwan Nyak Baik was quoted as saying.
the state-run company, which has lost much of its monopoly under the new Oil and Gas Law, however remains the only authorized supplier of fuel in the country until 2005. Ridwan said Pertamina estimated that the fuel supply in the country would remain secure if the war quickly ends. However, Indonesia could face an oil crisis if the war lasts for more than three months.
Indonesia is a net oil exporter with the production of about 1. 2 million barrels per day (bpd). However, Indonesia imports about 250,000 bpd from Middle Eastern countries for some refineries in the country, including the country's largest refinery in Cilacap, West Java, which are designed to only accept high quality crude such as that produced in the Middle East.
Pertamina operates nine refineries, but their output could only meet 80 percent of the country's fuel demands which total 60 million kiloliters a year. The remaining 20 percent should be imported. According to Ridwan, some local crude oil could replace Middle Eastern oil, including the Minas crude produced by PT Caltex Pacific Indonesia in Riau and the Attaka crude produced by PT Unocal Indonesia in East Kalimantan.
Meanwhile, Minister of Energy and Mineral Resources Purnomo Yusgiantoro told reporters on Wednesday he had formed a task force to study ways of securing fuel supplies on the domestic market in the event of war. "Based on our scenario, war could last for about two to six weeks," he said. He said that at present Pertamina has a fuel stock enough for domestic consumption for 25 days.
Saudi Arabia, which supplies crude to the Cilacap refinery, has promised to keep shipping its oil to Cilacap despite any war. This, Purnomo said, made Indonesia feel assured that there would not be a fuel shortage in the country over the next 35 days. "I hope the task force will find a breakthrough," Purnomo said.



Posted in General @ 21 March 2003 00:01 CET by Jeroen · 'Blog' RSS feed · permalink






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