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Jakarta Post

SOEs owe Rp 30t to Pertamina

  • Nani Afrida

    The Jakarta Post

Jakarta   /   Sat, November 28 2009   /  01:07 pm

State companies are sticking to a tradition of abusing their special ties with state oil and gas producer PT Pertamina by delaying payments for purchases of fuel. Four state companies and one private firm account for combined overdue payments of Rp 30.2 trillion (US$3.2 billion), Pertamina president director Karen Agustiawan said in a hearing with the House of Representatives on Thursday. "Until November these companies owed us about Rp 30.2 trillion. Mostly for fuel payments," Pertamina president director Karen Agustiawan said in a hearing between the House of Representatives and several state owned enterprises in Jakarta. State utility company PT Perusahaan Listrik Negara (PLN) is the biggest debtor owing a total of Rp 18 trillion for purchases of fuel to generate electricity for the public. The figure excludes PT PLN's Rp 4.5 trillion long-term debt to Pertamina. ...