Wednesday, April 12, 2006

Shell to open five gas stations this year

Royal Dutch/Shell Group will open five new gas stations in Indonesia this year to be located in Jakarta. Shell currently operates three gas stations in the country.
While Shell is selling only non-subsidized fuels, starting next year the company would head to head with state-owned oil and gas PT Pertamina in the distribution of subsidized fuel as well.
Government is planning to push investors to build gas stations outside the Java Island should they want to distribute subsidized fuels. The initial plan was investor should build at least 20 gas stations outside Java Island to be eligible in the subsidized fuel distribution business.
Besides Shell, oil giants such as ChevronTexaco, Petronas and Gulf have expressed their interest in the subsidized fuel distribution.

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