JAKARTA (Yosefardi) – Dwi Soetjipto, newly appointed president director of state oil and gas company PT Pertamina promises to fight for leading Pertamina into more expansive company next year by grabbing management contracts for some near-future-expired oil and gas blocks.
President Joko “Jokowi” Widodo had earlier streamlined Pertamina’s board of directors from nine to four. But Rini Sumarno, minister of state-owned enterprises (SOEs), decided to add 3 new directors because Pertamina would have some new activities such as taking over the operatorship for Mahakam and Cepu blocks.
Rini said Pertamina is hoped to boost its competitiveness as a global scale energy company. Pertamina must maintain its position as the biggest player in retail business for fuel in the country when entering the free trade era by end of this year.
Dwi said Pertamina will also upgrade and build oil refineries and to boost national fuel stock for domestic consumption to 30 days from current 18 days.
Pertamina targets to book revenue of US$79 billion and net profit of US$3.44 billion for this year, with assets targeted to reach US$52.6 billion.