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Sacrificing the Golden Child

Tuesday, December 20, 2005

Petral has become the first line of defense for Pertaminas oil imports. It has often been a sort of shock absorber for different problems.

arsip tempo : 173523894791.

. tempo : 173523894791.

ONE day back in 2001, Muchsin Bahar, the downstream director of state-owned oil & gas company PT Pertamina (Persero), was deep in thought. Spread out on his desk was the newly passed State Decree on Oil & Gas. This state decree threatened Pertaminas downstream business, he remembered.

Muchsin was quite right to be worried. This Oil & Gas State Decree provided those in the private sector with the opportunity of becoming players in the oil downstrea

...

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