Pertamina beats Petronas for Indonesian subsidised fuel license

Indonesia's state-owned Pertamina has edged out Malaysia's Petronas and a local competitor to win approval to distribute subsidised fuel in Indonesia in 2008, the oil and gas regulator said Thursday.
The approval will allow Pertamina to oversee the distribution of an estimated 35.84 million kilolitres (9.47 billion gallons), BPH Migas head Tubagus Haryono said.
The 2008 licensing process saw competitors apart from Pertamina permitted to compete for the first time.
Haryono said the companies that had sought licenses were local company Aneka Kimia Raya (AKR), Malaysia's state-owned Petronas, Royal Dutch Shell, Total, and BP.