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BP taps local distributor AKR to open Indonesian gas stations

Convenience stores planned in effort to challenge state-run leader Pertamina

A BP logo is seen at a filling station in London.   © Reuters

TOKYO -- British oil major BP looks to open roughly 350 gasoline stations equipped with convenience stores in Indonesia over 10 years, teaming with local conglomerate AKR Corporindo to cater to drivers in Southeast Asia's largest new-car market.

The Indonesian partner will take a majority stake in a joint venture, with initial plans for 14 directly managed sites selling BP-brand oil starting in the second half of next year, AKR CEO Haryanto Adikoesoemo told The Nikkei during a visit to Japan. Franchise locations will be added later.

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