Pertamina, Indonesian state oil company which was once considered a pioneer in government-owned oil and gas major is setting a goal to become the Asia's biggest oil and gas player by 2025. The announcement came after a recent announcement that it is currently looking at petrochemical partner to further add value of its downstream petrochemical business.
Pertamina owns many of Indonesia's refineries and is venturing into partnership with PTT Global Chemical into bringing alive its petrochemical business again. Many considered Pertamina demise was due to the influence of Indonesian government into its business during its peak.
No comments:
Post a Comment