Two Pertamina subsidiaries, PT Kilang Pertamina Internasional (KPI) and Pertamina International Marketing & Distribution Pte. Ltd. (PIMD), have signed the Master Sales & Purchase Agreement (MPSA) to expand the outreach of high-quality and environmentally friendly refinery products to the international market.
President Director of Kilang Pertamina International, Taufik Aditiyawarman, cited KPI’s readiness to produce high-quality hydrocarbon products that can provide added value for the company and Indonesia.
“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,” Taufik said as quoted in a statement on Monday, January 13, 2025.
This collaboration is a continuation of the synergy between the two companies from 2021 to 2024, which resulted in the marketing of more than 16 million barrels of refinery products abroad. The products include Marine Fuel Oil Low Sulfur (environmentally friendly ship fuel), decant oil, benzene, propylene, green coke, vacuum residue, and paraxylene.
In the latest agreement, both parties added new schemes such as profit sharing, swap, and project blending to optimize cooperation. KPI is responsible for providing the main components for PIMD, which runs a bunkering business in the international market.
Pertamina Patra Niaga President Director, Riva Siahaan, and PIMD Managing Director, Aditya Budi Prabowo, were also present at the MPSA ceremony, which emphasized the readiness of both companies to face global challenges.
With this MPSA, Pertamina is not only expanding its global market share but also supporting the national economy. This synergy is a strategic step in optimizing resource potential and generating positive contributions to Indonesia, along with efforts to encourage sustainability and innovation in the energy sector.
