Baku, Azerbaijan, May 4
By Leman Zeynalova – Trend:
Indonesian state-run Pertamina company intends to have direct trade with Azerbaijan’s state oil company SOCAR, Pertamina's director of investment planning and risk management Gigih Prakoso told S&P Global Platts.
"We have had no direct cooperation with SOCAR but we aim to build a close and long-term basis relationship [in order to work out] more efficient and economically viable supply deals. First, the cooperation will be government to government basis and we expect to follow up with a business to business cooperation with SOCAR this year," Prakoso said.
Prakoso also noted that Pertamina had been importing around 400,000 barrels per day of crude oil over the past few quarters and 30 percent of the total imports consisted of Azeri Light crude, as the light sweet grade was seen as economical and suitable for the company's refinery systems.
SOCAR is the sole producer of petroleum products in Azerbaijan. The company also has filling stations in Azerbaijan, Georgia, Ukraine and Switzerland.
---
Follow the author on Twitter: @Lyaman_Zeyn
