JAKARTA (AFX-ASIA) – The government has given state oil and gas company PT Pertamina six months to restructure its subsidiaries or else it must sell or liquidate them, said Pertamina commissioner Syafruddin Temenggung. The decision followed Pertamina’s extraordinary shareholders meeting last week, Temenggung said. He said the restructuring is part of turning Pertamina into a…
INDONESIA: Pertamina given six months to save units from liquidation, sale
Posted on February 9, 2004 by EnergyAsia