Indonesia's Monthly Oil Import Reaches 1.6 Billion US Dollars
Posted on: Saturday, 27 August 2005, 09:00 CDT
Indonesia's monthly oil import reaches 1.6 billion US dollars
JAKARTA, Aug. 26 (Xinhua) -- Indonesia needs to import 700,000 barrels of crude oil and fuel per month worth around 1.6 billion US dollars, an executive with state-run oil firm Pertamina said Friday.
"Since we buy dollars from the central bank at market price, import cost will increase due to the hike in exchange rate," Pertamina finance director Alfred Rohimone was quoted by the Antara news agency as saying.
The monthly import consists of 400,000 barrels of crude oil and 300,000 barrels of fuel, he added.
The rupiah has hit a 3.5-year low. The local currency traded at 10,360/10,380 to the dollar Friday, down from 10,320/10,325 Thursday.
Source: Xinhua News Agency - CEIS
Related Articles
- BP Shuts 100,000 Barrels of Alaska Oil
- Iraq Estimates to Increase Oil Exports 300,000 Barrels/D to 1.8 Mil Barrels/D From Jan 2006
- Shell Oil Lowers Oil Production in Gulf of Mexico By 420,000 Barrels/ D Owing to Hurricane Katrina
- Opec to Propose 500,000 Barrels/D Raise in Oil Production at Meeting on 19 Sep 2005
- Oil Prices Brew Up a Storm Crude Hits Dollars-70 a Barrel As Katrina Batters Louisiana
- US Crude Oil Prices Surge Above 70 Dollars Per Barrel
- Kuwaiti Crude Oil Price Reaches 52.88 Dollars Per Barrel
- Indonesia to Import 24 Million Barrels of Oil
- Warning of Dollars 100-a-Barrel Oil
 |
 |
User Comments (0)
RSS Feeds