Singapore — Indonesia's state-owned Pertamina plans to import around 11 millionbarrels of gasoline in June, similar to estimated imports for May, as itcontinues to stock up during the Ramadan peak demand period, market sourcessaid Wednesday.
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Pertamina's gasoline imports for May were estimated at around 10.5million barrels.
Market watchers were unable to provide a breakdown of volumes between thethree grades of 88 RON, 92 RON and 95 RON.
Pertamina could not be reached for comment.
The company late Tuesday issued a tender seeking 1 million barrels of 92RON gasoline in five 200,000-barrel clips for loading over June 2-13 fromSingapore or Malaysia. The tender closes May 17 with validity until May 21.
"They issued 1 million barrels spot for H1 June yesterday [Tuesday]; notsure if it's counted under the 11 million [barrel] figure though," said aSingapore-based trader, who added it likely did fall under that figure as 12million barrels "would look a bit high".
In February, Indonesia imported 446,585 mt of gasoline with an octanevalue of between 90 RON and 97 RON, latest official data from StatisticsIndonesia showed. Imports of low octane gasoline totaled 357,777 mt in themonth. Monthly imports over January and February averaged 1.022 million mt,or 8.69 million barrels.
Pertamina owns and operates seven oil refineries in Indonesia with atotal installed capacity of 1.05 million b/d. However, with most of the plantsaging, they operate at around 800,000 b/d, and the company relies on importsto meet domestic oil products demand that is double its realized production.
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