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Indonesia hires tankers to store fuel at sea while seeking bargains

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Pertamina plans to add external storage when internal capacity fills up. It is also weighing the merits of processing its own crude or buying fuels from abroad, which is becoming more cost-effective.

New York

INDONESIA is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as petrol and diesel.

State-owned PT Pertamina has provisionally chartered at least three long-range tankers to store clean fuels, said people...

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