Dwi Soetjipto, Ceo of Pertamina :
People's confidence in Pertamina must be restored
FINALLY, people got what they clamored for. The government disbanded Pertamina Energy Trading Ltd (Petral) on May 13. This subsidiary company of state-owned oil and gas company Pertamina had been heavily criticized for abusing its mandate in supplying the nation with crude oil and other fuels.
Based in Singapore, Petral was tasked with buying and selling oil on behalf of Pertamina. Its recent dissolution will save Pertamina US$20 million in costs. The anti-oil and gas mafia task force had recommended that Petral's job be taken over by the Integrated Supply Chain (ISC), a unit of Pertamina.
June 2, 2015
FINALLY, people got what they clamored for. The government disbanded Pertamina Energy Trading Ltd (Petral) on May 13. This subsidiary company of state-owned oil and gas company Pertamina had been heavily criticized for abusing its mandate in supplying the nation with crude oil and other fuels.
Based in Singapore, Petral was tasked with buying and selling oil on behalf of Pertamina. Its recent dissolution will save Pertamina US$20 million in cost
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