Oil Concession And Bunker Services

I&W Petroleum & Synergy team up with SRK for "Oil Concession & Bunker Services" in East Kalimantan

Jakarta, 17 July 2007 (ANTARA) - I & W Petroleum & Synergy (M) Sdn. Bhd, a subsidiary of I & W Holdings Sdn. Bhd. provide complete engineering design services to the oil & gas and petrochemical industries. It has 5 branches worldwide (Australia, Moscow, Beijing, Hong kong and USA) and for their activities in indonesia they team up with PT. Sapta Rajasa Kapital (SRK), a Private Equity & Wealth Management company. I & W Petroleum & Synergy (M) Sdn. Bhd. has risen to become one of the major oil companies in the Asia-Pacific region through strategic investment in its core refining assets and by constantly striving to develop new market products. IW Petroleum & Synergy (M) Sdn Bhd is proud to be part of those who played a major role in the growth of the local oil industry.

Together with its group of companies, I & W Petroleum & Synergy (M) Sdn. Bhd, engages in a wide range of activities which includes oil and gas development and production such as refining, terminalling, distributing, marketing, trading of crude and refined petroleum products.

Over the years, I & W Petroleum & Synergy (M) Sdn. Bhd, has gained an international reputation as a reliable supplier of quality petroleum products and aim to be one of international oil market trader leader.

More than 1 Billion USD regional investments in East Kalimantan, One of Indonesian richest province.

As part of its plan to diversify and strengthen its oil activities, I & W Petroleum & Synergy (M) Sdn. Bhd continues to seek opportunities to expand its market presence in the region. Over the years, I & W Petroleum & Synergy (M) Sdn. Bhd has established a number of successful joint ventures.

This July 2007, I & W Petroleum & Synergy (M) Sdn. Bhd team up with PT. Sapta Rajasa Kapital (SRK) for 10,000 Hectare est. oil concession (10,000 Hectare) with estimation original oil in place (oil deposit on shore) more than 500 million barrel and 100 Hectare est. bunkering services (100 Hectare) in Kutai Timur, East Kalimantan, Indonesia.

We all know that East Kalimantan is one of the largest Oil Industry in Indonesia. In the near Future, thru SRK, a Private Equity & Wealth Management company, I&W Petroleum & Synergy (M) SDN BHD will invest more than One Billion USD to speed up Kutai Timur and East Kalimantan development. With the new facility, I & W Petroleum & Synergy (M) Sdn. Bhd is now able to service the markets world wide more effectively.