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AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA processed during the previous quarter and 217 Industries (FIMI) and Chairman of CII’s
TBTU processed during the corresponding Mining Committee.
GAIL announces financial quarter. The overall LNG volume processed by Ltd on his appointment: “We are delighted to
Said Anil Agarwal, Chairman, Vedanta
the Company in the current quarter was 190
results TBTU, as against the LNG volume processed welcome Sunil Duggal as our CEO. Sunil is a
proven leader with a wealth of strategic executive
in the previous and corresponding quarter,
GAIL (India) Limited recorded a Turnover which stood at 219 TBTU and 226 TBTU experience. He has motivated and lead teams to
of Rs. 12,060 crore, Profit before Tax (PBT) respectively. deliver high standards of operational excellence,
of Rs. 356 crore and Profit after Tax (PAT) of The Company has reported PBT of Rs 696 stakeholder management, best-in-class people
Rs. 256 crore for the Q1 FY21 as against Rs. Crore in the current quarter, as against Rs 486 practices, technology, safety, ESG and carbon
18,276 crore, Rs. 1,981 crore and Rs. 1,288 Crore in the previous quarter and Rs 838 Crore footprint.”
crore respectively in Q1 FY20. in the corresponding quarter. The PAT for the VEDANTA, August 14, 2020
The sharp decline in financial performance current quarter was reported at Rs 520 Crore
is mainly attributable to significant impact as against the PAT of the previous quarter and
in physical performance due to nation-wide corresponding quarter i.e. Rs 359 Crore and Rs SOUTHEAST ASIA
lockdown during the earlier part of the 560 Crore respectively.
quarter coupled with lower price realization In spite of the impact of COVID-19 Indonesian fuel
in Petrochemicals, Liquid Hydrocarbons and pandemic on the economy and the Oil & Gas
Natural Gas. industry, the strong financial results in Q1, consumption bounces back
During the quarter, Natural Gas 2020-21, was achieved due to robust operational
Transmission and Marketing volume stood efficiency and effective commercial planning by PT Pertamina (Persero) through Marketing
at 90.22 MMSCMD and 81.16 MMSCMD the Company. Operation Region III, recorded an increase
as against 105.41 MMSCMD and 96.55 PETRONET LNG, August 17, 2020 in fuel consumption until mid-August 2020.
MMSCMD respectively in Q1 FY20, Based on the realization, fuel consumption
Petrochemical Sales and Liquid Hydrocarbon Sunil Duggal takes over as during the transition period of the new order
Sales stood at 183 TMT and 265 TMT as against phase II in the MOR III region, namely DKI
136 TMT and 296 TMT respectively during Q1 Vedanta CEO Jakarta, Banten and West Java has reached
FY20 . 91% of consumption during normal times,
During the quarter, the consolidated group Vedanta Limited announced that industry namely the January - February 2020 period
turnover stood at Rs. 12,152 crore as against Rs. veteran and former CEO of Hindustan before the Covid-19 pandemic.
18,445 crore in Q1 FY20 while the groups PAT Zinc Ltd, Sunil Duggal is elevated as Chief Meanwhile, during the long holiday and leave
stood at Rs. 654 crore as against Rs. 1,502 crore Executive Officer of the company. with the Islamic New Year 1442 H, Pertamina
in Q1 FY20. Earlier, in March 2020, Sunil Duggal was ensured that fuel and LPG readiness were
GAIL (INDIA), August 13, 2020 given additional charge as Vedanta’s Interim sufficient to meet the needs of the community.
CEO. Former Tata Steel Vice President and Unit Manager Communication Relations
Petronet provides Q2 Head of Mining, Arun Misra, succeeded him as & CSR MOR III Eko Kristiawan revealed,
CEO of HZL.
for the MOR III area, gasoline types of fuel
update the past 10 years and has over 35 years of (Premium, Pertalite, Pertamax, Pertamax
Sunil is associated with Vedanta for
Turbo), public consumption until mid-
During the quarter ended 30th June, 2020 rich and diverse leadership experience. An August 2020 average daily consumption has
(current quarter), Dahej terminal processed active member of several industry forums, reached 23,808 Kilo Liters (Kl) per day. This
181 TBTU of LNG as against 206 TBTU he is President of the Federation of Mining reflects that people’s fuel consumption has
begun to approach normal conditions, which
is around 91% of the normal 26 thousand Kl
per day. The normal condition is the daily
average consumption in the January-February
2020 period, namely the conditions before
the Covid-19 pandemic was announced in
Indonesia and the imposition of large-scale
social restrictions (PSBB) which require people
to move from home.
Meanwhile, the consumption of Gasoil type
fuels (Biosolar, Dexlite and Pertamina Dex) has
reached 8,281 KL per day, or has reached 85%
of the average daily consumption in normal
conditions for the January-February period of
around 9,811 Kl.
“Since the Government implemented a new
phase I transition period in June 2020, especially
for the DKI Jakarta area and its surroundings,
fuel consumption, both gasoline and gasoil, has
gradually increased,” said Eko.
PERTAMINA, August 20, 2020

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