Jakarta to overhaul Pertamina in reform move
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.
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