AKR Corporindo reappointed to distribute subsidised fuel during 2014

PT AKR Corporindo Tbk (Bloomberg: AKRA IJ) one of Indonesia’s largest private sector distributor of Petroleum products and basic chemicals and supply chain solutions provider has been re appointed by the Indonesian downstream deregulation body, BPH Migas to distribute subsidised petroleum products in Indonesia. BPH Migas has allotted 640,000 KL of Petroleum products to AKRA which will be distributed through AKR’s network of Petroleum stations and outlets during the year 2014. The award was received by Mr. Jimmy Tandyo, CEO of AKR, in a ceremony held at BPH Migas office on 31st December 2013.