Indonesian state owned oil, gas and petrochemical company, Pertamina Lubricant has launched its new journey in the lubricant market of Bangladesh.
Pertamina Lubricant authorities arranged an inaugural programme in this regard at Hotel Sonargaon in the capital on Thursday. State minister for power, energy and mineral resources Nasrul Hamid attended the programme as the chief guest while Indonesian ambassador to Bangladesh Ms. Rina P Soemarno attended it as special guest.
Nasrul Hamid said Bangladesh's lubricant business has exceeded Taka half a billion. He opined that Pertamina chose the right time to open its market in Bangladesh.
“Currently many companies are getting interested to expand their business in the country. The Indonesian lube company will be able to do business here successfully as many private companies are also coming up to invest in the industrial sector of the country,” he said.
The state minister added that there are many power plants and industries in the country. The private sector will be benefited from using this world-class lubricant.
He also offered Pertamina to establish blending and refinery in Bangladesh. As Pertamina is doing better in base oil business, it will do better in blending as well, he added.
Indonesian ambassador to Bangladesh, Rina P Soemarno, said, "Bangladesh is a country that has potential. Pertamina's journey will contribute to the development of Bangladesh."
Among others, Power Secretary Sultan Ahmed, Sales and Marketing Director of Pertamina Lubricant’s, Andria Nusa, Mia Krishna Anggraini, Vice President Sales Overseas and Mr. Russina Alamsyah, Area Manager Asia Pacific of Pertamina Mr Zeehan Saif Chief Marketing officer were present at the ceremony.
‘At present, Pertamina is conducting trade in 20 countries around the world and its annual turnover is about $43 billion,’ according to a Pertamina official.