Gov­ern­ment Urges Per­tam­ina to Ex­pand Busi­ness Abroad

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State- Owned En­ter­prises Min­is­ter

Rini Soe­marno re­cently sug­gested that Per­tam­ina would have trou­ble ex­pand­ing its busi­ness over­seas if it was re­quired to set up an oil and gas busi­ness en­tity, re­ported Tempo. How­ever, Soe­marno claimed that Per­tam­ina must ex­pand its busi­ness over­seas any­way, as oil and gas re­serves in In­done­sia are run­ning out.

"If [Per­tam­ina] is re­quired to be a [busi­ness] en­tity, it won't be able to

make in­vest­ments over­seas. Per­tam­ina serves a func­tion to pro­vide en­ergy," Soe­marno told the me­dia.

Soe­marno re­sponded to a pro­posal made by the House of Rep­re­sen­ta­tives Com­mis­sion VII which man­ages the na­tion’s en­ergy af­fairs. She claimed that the In­done­sian gov­ern­ment is look­ing to re­al­ize en­ergy in­de­pen­dence. Be­cause of this, Per­tam­ina needs to make over­seas in­vest­ments in an ef­fort to ac­quire oil fields with more re­serves.

Ac­cord­ing to the min­is­ter, Per­tam­ina must own more en­ergy sup­plies and set the coun­try up for en­ergy re­silience, mak­ing it less de­pen­dent on for­eign na­tions.

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