JAKARTA, Aug. 26 (Xinhua) -- Indonesia's state-run oil and gas firm Pertamina saw an enormous net profit growth of 112 percent to 9.4 trillion rupiah (about 660 million U.S. dollars) in the first half of this year, a Pertamina executive said on Monday.
Pertamina Finance Director Pahala Mansury said the net profit growth figure came up from 6-percent Cost of Goods Sold (CoGS) reduction during the period if compared to that of in the same period last year.
CoGS reduction was, among other, caused by the declining of Indonesia Crude Price (ICP) to 63 dollars per barrel in the first half this year from 66 dollars in the same period last year, he added.
In upstream operation, Mansury said production of Pertamina crude oil reached 413 million barrels of oil per day (MBPOD) in the first half of this year, higher than 385 MBPOD in the same period last year.
"Our crude oil production grew 6 percent year-on-year," Mansury said .
Pertamina managed to sell up to 34.1 million kilo liters of various fuels for public use in the first half this year, slightly higher than 33.9 million kilo liters in the corresponding period last year.
Mansury added that sales of fuels for non-public use, like diesel and aircraft fuels have risen to 8.3 million kilo liters in first half of this year from 7.9 million kilo liters in the same period last year.
Indonesia has stopped importing diesel and aircraft fuels since May as domestic demands on those fuels can be fulfilled by Pertamina from its productions, he said.