Total closes fuel retail operations in Indonesia
French energy major Total has exited Indonesia’s fuel retail market, according to Indonesia’s local newspaper The Jakarta Post.
The paper said that PT Total Oil Indonesia has closed all 18 of its gasoline stations across Greater Jakarta and Bandung. In early 2003, PT Total Oil Indonesia started selling lubricants in Indonesia and in 2009, entered Indonesia’s fuel retail market.
“PT Total Oil Indonesia has decided to divest its fuel retail business, comprising of 18 service stations mainly in the Greater Jakarta region and also in Bandung. This sale reflects Total’s active portfolio management strategy worldwide. The company, present in Indonesia since 2003, remains committed to serve its customers with premium mobility products and services, including lubricants and other specialty products,” said Magdalena Naibaho, marketing manager.
In the upstream sector, Total operated the Mahakam Block in East Kalimantan from 1968 until the end of 2017. Beyond the Mahakam region, Total has also expanded its activities in Indonesia and has held interests in 15 blocks since 2012. This includes a 22.5% share in Tengah Block (until October 2018) and 15% in Sebuku Block.