(EnergyAsia, Feb 28) — State oil and gas company PT Pertamina expects a decline in profit and revenue this year due to declining oil production and higher expenses for its public service obligations, according to the Jakarta Post. In its 2005 business plan that was recently approved by the government, Pertamina projected a net…
INDONESIA: Bleak outlook for Pertamina as oil production decreases
Posted on February 28, 2005 by EnergyAsia