PT Total Oil Indonesia, a subsidiary of France-based Total, has closed all of its 18 gas stations across Greater Jakarta and Bandung in Indonesia. The exit strategy is in line with Total’s global strategy to efficiently manage its business portfolio. The company will still continue its lubricant selling operations as the other component as a part of its local downstream market.
France-based Total is the second oil and gas company to exit Indonesia’s fuel retail market after Malaysia-based Petronas.
