Shaking up the Petrochemicals
Pertamina finally took over ownership of Trans-Pacific Petrochemical Indotama. The corruption by the previous owner is a debt that must be repaid.
The move by the government to push Pertamina to acquire Trans-Pacific Petrochemical Indotama (TPPI) deserves appreciation. This desire was realized after the state company became the majority shareholder of Tuban Petrochemical Industries, which owns the plant located in Tuban, East Java.
President Jokowi’s new cabinet moved quickly. Its action was based on a government regulation on the increase of state equity participatio...