Jakarta to overhaul Pertamina in reform move
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Jakarta
INDONESIA will overhaul national oil company PT Pertamina as the government seeks to improve the management of state-owned enterprises and deliver infrastructure projects after slashing fuel subsidies.
A plan for Pertamina to take over oil importing from its offshore trading unit, Petral, will increase domestic oversight of the company's energy purchases, Rini Soemarno, the state-owned enterprises minister, said in a Jan 16 interview. The removal of petrol subsidies at the start of 2015 will also reduce opportunities for irregular transactions, she said.
Share with us your feedback on BT's products and services
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
