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[JAKARTA] Indonesia's state-owned energy company Pertamina signed a deal on Friday to supply 400 million-550 million litres (2.5 million-3.5 million barrels) of diesel fuel per year to coal miner Adaro Energy, the two companies said. "With the deal, where previously we bought fuel from foreign companies worth US$340 million per year, now we will purchase from our brother, Pertamina, and the transaction will be done onshore," Adaro CEO Garibaldi Thohir told reporters.
The supply deal runs from November through to October 2022 and is expected to supply the bulk of Adaro's annual fuel demand of an estimated 600 million-700 million litres of diesel.
The deal follows a memorandum of understanding signed by the companies in May, in which Pertamina agreed to supply up to 800 million litres of diesel a year to Adaro until 2025.