In the period of June to July 2018, Indonesia saw a deficit in trade. Statistics Indonesia (BPS) notes that in July 2018 Indonesia saw a USD2.03 billion due to the 49 percent increase of oil and gas import in the preceding month. The Government has been trying to avoid this sort of situation by accelerating the development of refineries by Pertamina. A part of the plan is supposedly Pertamina’s acquisition of PT Trans Pacific Petrochemical Indotama (TPPI).
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