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Betting on Upstream Control

Tuesday, February 10, 2009

The removal of Ari Soemarno is just one more item on Pertamina's long list of problems. Much is hoped for from the new board of directors.

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THE State Minister for State-Owned Enterprises (SOEs) Sofyan Djalil was taken aback. This was the first time that he had ever seen the swearing-in of directors of a state company receive such a large spotlight. "This is an extraordinary burden for you all," said Sofyan when officially swearing-in the new Pertamina board of directors, on Thursday last week. Upstream Director Karen Agustiawan was promoted to the position of CEO, while Omar S. Anwar,

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