PT. AKR Corporindo, Tbk
Jakarta, January 31, 2019 – PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) today announced that its joint venture with BP (formerly known as British Petroleum) officially opened its third retail fuels site in Cibubur.
The joint venture company, PT Aneka Petroindo Raya (APR), that operates under the name of BP AKR Fuels Retail,under the exclusive agreement, intends to develop and offer a differentiated consumer proposition leveraging BP’s and AKR’s capabilities and expertise across Indonesia’s growing retail market.
Mr. Peter Molloy, President Director of APR stated that APR will open up more petrol station. "We are pleased to announce the opening of the third BP-AKR service station in Cibubur, after earlier we have opened two petrol stations in De Latinos, Serpong on November 28, 2018 and Jababeka Cikarang, greater Jakarta area on December 20, 2018. We aim to provide quality fuel with convenience to customers under BP brand. We look forward to opening more service stations throughout the country and creating thousands of new retail jobs in the process.”
Attending the event were Board of Directors of APR, BP partners and other dignitaries from local governing bodies. BP-AKR’s strategy is to grow it’s footprint in the branded retail fuel distribution market and strengthen BP-AKR’s position as a trusted and reliable fuel supplier to retail customers in Indonesia.
Corporate Secretary & Hubungan Investor Relation Division
PT AKR Corporindo Tbk