Latest News

Indonesia confirms Widyawati as Pertamina CEO

Aug 30, 2018
Source: TODAYonline, REUTERS

Image result for pertamina

Image result for Nicke Widyawati

JAKARTA - Indonesia's government on Wednesday confirmed Nicke Widyawati as the permanent chief executive of Pertamina and picked a new upstream director amid pressure on the state-owned energy firm to curb imports, boost refining capacity and biodiesel use.

Widyawati became the acting chief executive officer (CEO) in April after Elia Massa Manik was fired after repeated clashes with the government over fuel price controls, criticism over his handling of an oil spill and for failing to meet mandates on fuel sales.

Widyawati, a former human resources director at the company, is the third CEO at Pertamina in just three years.

"There are three mandates from the government - reduce imports, start development of refineries and implement the B20 biodiesel project," Widyawati told reporters at a press conference at the State-Owned Enterprises Ministry after her appointment by Indonesian President Joko Widodo.

Indonesia, one of Southeast Asia's biggest fuel importers, also aims to reduce its import bill by improving its ageing domestic refineries, but some projects have been delayed because of financing issues.The B20 project starting next month will require all diesel fuel to contain at least 20 percent biocontent, typically palm oil, to boost palm oil consumption, slash fuel imports, and narrow a yawning current account gap.

The government also appointed Dharmawan Samsu, the country head of BP Plc's Indonesia unit, as Pertamina's upstream director.

Indonesia was once a major crude oil producer and exporter, and a member of the Organization of the Petroleum Exporting Countries, with output reaching more than 1.6 million barrels per day (bpd) in 1995.

Since then, the international oil majors that had dominated the country's oil development have scaled back their operations because of uncertainty around regulations. The lack of investment in new reserves and rising fuel demand has caused Indonesia to become a net oil importer.

Pertamina is due in 2021 take over as operator of the Rokan block, Indonesia's second-largest oilfield, from Chevron , though production is falling.

Tanri Abeng, Pertamina's president commissioner, told reporters that Samsu was appointed because there was a need for someone with experience from a multinational.

"Blocks that have been given to Pertamina are not easy, very difficult tasks but also an opportunity for us. We will be able to increase our production which is only about a third of the domestic output," said Abeng.

Pertamina said this week it aims to lift overall oil output to 407,000 bpd in 2019, up from 2018's goal of 400,000 bpd.

Abeng urged the government not to keep shaking up management at Pertamina, which faces frequent interference from the government due to its importance on the economy, particularly at a time when the rupiah currency is under pressure. REUTERS

Group I Base Oils Supply

Aug 29, 2018
HOT PRODUCT: High Quality Group I Base Oils

Excelube Marketing markets high quality base oil SN150, SN250, SN500 and BS150 from various refineries for manufacturing high quality and performance lubricants.

The main field of application for these base oils is the formulation of lubricating oils for automobiles, industry, maritime use, greases and other special applications. The wide range of viscosity levels of the SN series means it can cover all the most common lubrication needs of these applications. 

With competitive pricing and high quality base oils, these cargos are in high demand.

Contact us for further information at | Whatsapp: +6012 2820 537

Selamat Menyambut Hari Merdeka 2018

Aug 29, 2018

Dear Valued Partners & Customers,


From the staff of Excelube Marketing


Office Operation:
In conjunction with Hari Merdeka Holiday,our office will be closed on 31 August 2018Friday.
We will resume the normal operation on 3 September 2018 (Monday).

Please whatsapp +6012-2820 537 for any urgent matters. Thank you.

Updates on Global Oil Prices

Aug 23, 2018
23rd August 2018

Brent crude futures  rose $2.15, or 3 percent, to settle at $74.78 a barrel.

The global benchmark reached $75.00 during the session, the highest since July 31.

U.S. West Texas Intermediate (WTI) crude futures rose $2.02 to settle at $67.86 a barrel, a 3.1 percent gain.

Contact us at or whatsapp +6012-2050 537 for more information on our 
Rubber Process Oil (RPO), Base Oil, Refrigeration Compressor Oil, Slack Wax, Micro Wax, Lubricants & Greases to receive best price offers.

Selamat Hari Raya Haji 2018

Aug 20, 2018

Dear Valued Partners & Customers,

Wishing all our Muslim friends, SELAMAT MENYAMBUT HARI RAYA HAJI! 

From the staff of Excelube Marketing


Office Operation:
In conjunction with Hari Raya Haji Holiday,our office will be closed on 22 August 2018, Wednesday.
We will resume the normal operation on 23 August 2018 (Thursday).

Please whatsapp +6012-2820 537 for any urgent matters. Thank you.

Switch to Mobile Version
Subscribe Newsletter
Hello! Thanks for visiting my site. Please press Start button to Contact with Admin :)