Until recently maybe only people involved in the industry of oil knew of PT Kernel Oil Pte Ltd (KOPL) Indonesia. However, this situation changed recently as the media started to find out more about the company.KOPL is the local arm of the Singapore-based crude products and oil trader. The headquarters of Kernel Oil is at Equity Tower in Sudirman Central Business District (SCBD) in South Jakarta. The company has many portfolios including the trade in asphalt, crude oil, and gasoline around the world along with other countries such as Thailand, the United Arab Emirates, and Australia.
Kernel Oil trades in multitude of crude oil products and grades essentially from the Southeast Asia region. The company was found in 2006 and the official websites said that Kernel Oil provided natural gas liquids including ethane, liquefied petroleum gases, and petrochemical naphtha and condensate. Kernel Oil provides also non-fuel products including sulphur, heavy aromate, slack wax, paraffin wax, green coke, and solvent. In addition, the company provides petrochemical products including polytam, propylene, benzene, paraxylene, and purified terephthalic acid. The firm provides also chemical products. The company’s crude oil trading activities include crudes from West African grades, the Mediterranean, Persian Gulf, and the Far East region.
According to Widhyawan Prawiraatmadja, the SKK Migas commercial control deputy, KOPL Indonesia is one of the over 40 registered oil traders invited usually by the regulatory in crude oil tenders each three months. The deputy said in a separate interview that the tender is performed for all of the crude oil not taken by Indonesia’s state-owned energy firm, PT Pertamina. However, Kernel Oil was invited to bid in the latest tender for crude oil of around 200,000 to 400,000 barrels. The deputy revealed that it was not sure if the company could win any of the tenders implemented by the regulatory agency.However, the possibility of winning this tender was big for Kernel Oil due to the high quality of its services.
Kernel Oil has a great future. According to many forecasts and studies, the industry of oil will keep requiring a sustain flow of new skilled persons joining the sector off and onshore in order to meet its potentials.
For Mr. Widodo Ratanachaitong, the manager director of Kernel Oil, the balance of power is implying to the buyers since today the oil is a commodity. In addition, the contract terms and the prices are the terms that lead buyers to oil companies.Ideally, profits and revenues will keep growing consistently as a relatively new company; Kernel Oil Pte Ltd joined the industry. The company is making global awareness of its unique leading compound, technical innovation, and environmental management systems. This is a way for the company to make itself remarkable since the complicated regulations and technologies, the distribution channels, economies of scale, and the high capital costs are significant barriers for new entrants in the industry. Mr. Widodo wants Kernel Oil to be among other big companies in the industry of oil around the world.