KPI And PIMD Continue Marketing Of Refinery Products Until 2027

Illustration (Photo: Doc. ANTARA)

JAKARTA - PT Kilang Pertamina Internasional (KPI) and Pertamina International Marketing & Distribution Pte. Ltd. (PIMD) again synergize in marketing and increasing the added value of Pertamina refinery products in the international market through the signing of the 'Master Sales & Purchase Agreement' (MPSA) which will underlie the sustainability of synergistic relations until 2027.

In this collaboration, KPI plays a role in providing the main components needed by PIMD in running the bunkering business.

This agreement is an extension of pre-existing agreements, with the addition of several new schemes, including Profit Sharing, Swap, and Project Blending.

Pertamina International Refinery President Director, Taufik Aditiyawarman, said the cooperation between KPI and PIMD had been established for 3 years from 2021 to 2024. PIMD plays a role in marketing refinery products in the international market.

In that period, no less than 16 million barrels of refinery products had been marketed abroad. These products include Marine Fuel Oil Low Sulphur, retail oil, benzene, propylene, green fire, vacuum residue to paraxylene.

"This collaboration shows our commitment to continue to innovate and expand the global market. We appreciate PIMD for its dedication in marketing refinery products to the international market," said Taufik, Monday, January 13.

The MPSA ceremony was also attended by Riva Siahaan, President Director of PT Pertamina Patra Niaga and Aditya Budi Prabowo, Managing Director of Pertamina International Marketing & Distribution.

With the MPSA, the two companies are increasingly ready to face challenges in the global market, optimize their potential resources, and make a positive contribution to the Indonesian economy.