Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post 34
Video Weather icon 30°C
DKI Jakarta, Indonesia
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • Wed

    26℃ - 32℃

  • Thu

    25℃ - 32℃

  • Fri

    25℃ - 31℃

  • Sat

    26℃ - 30℃

New Pertamina chief puts high hopes in holding plan

  • Viriya P. Singgih
    Viriya P. Singgih

    The Jakarta Post

Jakarta | Fri, March 17, 2017 | 12:49 pm
New Pertamina chief puts high hopes in holding plan The newly appointed president director of state-owned energy firm Pertamina, Elia Massa Manik, reads a book at a press conference in Jakarta on March 16. (JP/Jerry Adiguna)

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)

Join the discussions