AKR to distribute 645,000 KL of subsidized petroleum during 2015

JAKARTA – PT AKR Corporindo Tbk (Bloomberg: AKRA IJ), one of Indonesia’s largest private distributor of petroleum and basic chemicals products and supply chain solutions provider, has been reappointed by the Indonesian downstream oil and gas deregulation body BPH Migas to distribute subsidized petroleum products in Indonesia during the year 2015. BPH Migas has allocated 645,000 KL of petroleum products to AKR which will be distributed through AKR’s network of retail outlets. The Company in its filing with OJK and Indonesian Stock Exchange today reported the allocation received for the year 2015.