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Time For Pertamina To Grow Up

Monday, December 18, 2000

Restructuring and the open selection of new directors might just be the key to a more positive future for Pertamina.

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TWENTY years from now, Pertamina might have turned into a fossil, a symbol of monopoly, corruption, inefficiency, wastage and injustice all rolled into one. Why in 20 years’ time? Because the country’s oil reserves will have likely run out by then. As a company whose core business is oil, Pertamina’s involvement in the sector is limited only to the processing and selling of gasoline. As a result, in terms of business, there is

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