REPUBLIKA.CO.ID, JAKARTA - Tender of crude oil sales from Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) to PT Pertamina as state owned oil and gas company is still under discussion. Currently Pertamina plans to assign Pertamina Trading Limited (Petral), its subsidiary in Singapore, to search for foreign national oil company (NOC) abroad to swap crude oil refineries.

In the future, crude oil cannot be processed in Pertamina's refinery but Production Sharing Contract (PSC) instead. If the scheme fails then it will be swapped with foreign NOC which is already working with Pertamina abroad. Yet, Pertamina does not have cooperation with any foreign NOC so the company must find foreign NOC through Petral.

"It's the system we have," President Director of Pertamina, Karen Agustiawan said on Monday.

Agustiawan explained, if crude oil in Indonesia could not be processed and without PSC scheme, the process will be handed by Petral. Then Petral will seek foreign NOC, such as Petrovietnam (Vietnamese NOC) and Petronas (Malaysian NOC). 

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