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The Jakarta Post
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Pertamina secures $700m in loans to fund investment

  • Alfian

    The Jakarta Post

Jakarta | Fri, December 11 2009 | 11:07 am

State oil and gas firm PT Pertamina Thursday secured US$700 million in a consolidated loan from a consortium of eight banks, to bump up capital spending next year by 77 percent from a year earlier. Ferederick Siahaan, Pertamina’s finance director, said the loan commitment was signed on Thursday afternoon at Pertamina’s headquarters in Jakarta. The eight banks are BNP Paribas, ANZ, HSBC, RBS, B...

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