JAKARTA (Indonesia Today) – State oil and gas company, PT Pertamina (Persero) is targeting revenue of US$26.98 million or about Rp261 billion from Slack Wax business this year, in line with the start of production of Slack Wax West Madura Offshore (MMO), new product produced by Pertamina Cilacap Refinery Unit IV.
Vice President Corporate Communication Pertamina, Ali Mundakir said Pertamina is estimating to produce and sell around 28.500 matric ton of Slack Wax this year. Of total Slack Wax production, 68% will be exported and 32% for domestic market.