AKR expands network to distribute Subsidized Petroleum in Indonesia

JAKARTA – PT AKR Corporindo Tbk (Bloomberg: AKRA IJ), one of Indonesia’s largest private sector distributor of petroleum products and basic chemicals and integrated supply chain solutions provider, has opened new locations during the year 2014 as part of the allocation received from BPH Migas. The Company currently operates 116 outlets of petrol stations for motorists (SPBKB) and petrol stations for fisheries (SPBN) as of  February 2014 in the islands of Java, Sumatera, Kalimantan, Sulawesi and Bali.