Thursday, 28 June 2018

ExxonMobil completes acquisition of Indonesian lubricant firm PT Federal Karyatama

ExxonMobil completes acquisition of Indonesian lubricant firm PT Federal Karyatama

28 June 2018, Sweetcrude, Houston, Texas — ExxonMobil has completed the acquisition of PT Federal Karyatama (FKT), one of Indonesia’s largest manufacturers and marketers of motorcycle lubricants, from PT Mitra Pinasthika Mustika Tbk. and its affiliate. The acquisition, first announced in April, includes the Federal Oil brand and a 700,000 barrel per year blending plant in Cilegon, …

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