New Pertamina chief puts high hopes in holding plan
Viriya P. Singgih
The Jakarta Post
The newly appointed president director of state-owned energy firm Pertamina, Elia Massa Manik, has stated that the company can operate far more efficiently if the government realizes its holding company plan.
The government plans to form holding companies for various sectors, including energy, financial services and construction, with the aim of boosting the value and efficiency of all state-owned enterprises.
“In my professional view, indeed, energy management has to be integrated. That way, each company [under the holding] can sharpen its focus in running its business,” Elia said in Jakarta on Thursday.
“Moreover, we can be far more efficient in our investment as there will be coordination between companies with the same nature.”
(Read also: Elia Massa Manik appointed Pertamina chief)
On Feb. 13, Gus Irawan Pasaribu, the chairman of House of Representatives Commission VII overseeing energy and mineral resources, confirmed that the commission was drafting a bill that would serve as the legal basis for a special energy holding company for state-owned enterprises.
Gus said the holding company would coordinate at least four state-owned enterprises in the energy sector. First, a company that deals with the upstream oil and gas businesses; second, a company that will manage the affairs presently being handled by the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas); third, a company for the downstream oil industry; and fourth, a company for the downstream gas industry.
As a national oil company, Pertamina would have full authority in managing explorations in the upstream industry, Gus said. (bbn)
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