The Sea Horse is Still King

Pertamina's business activities will soon change. Its monopoly on the oil and gas business which has gone on for decades will be withdrawn. The "sea horse" will not be as strong and powerful as it used to. Starting April this year, its official status has changed; it is now a shareholding company. As such, Pertamina is now a fully profit-oriented entity.

Previously, Pertamina was accorded certain privileges. It was formed as a state company by

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