INDONESIA
January 1st, 2003
BY MARK ROWE
PERTAMINA, Indonesia's state oil company, has nominated South Korea's Hyundai Heavy Industries Co to build two very large crude carriers as part of the company's US$300m program to buy 12 new oil tankers to ship refined oil products. Hyundai's offer price of US$65 million for each tanker was the lowest Pertamina received. The award is now awaiting final approval from the Indonesian government.
PERTAMINA, Indonesia's state oil company, has nominated South Korea's Hyundai Heavy Industries Co to build two very large crude carriers as part of the company's US$300m program to buy 12 new oil tankers to ship refined oil products. Hyundai's offer price of US$65 million for each tanker was the lowest Pertamina received. The award is now awaiting final approval from the Indonesian government.
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