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View all search resultsState-owned gas distributor PT Perusahaan Gas Negara (PGN) does not need to hold an extraordinary shareholders meeting in connection with its plan to acquire PT Pertagas, a subsidiary of state-owned energy company Pertamina, an official has said.
The government has transferred its shares in state-owned gas distributor PT Perusahaan Gas Negara (PGN), worth Rp 38.13 trillion (US$2.77 billion), to state-owned energy company Pertamina, as a significant step toward the establishment of a state-owned oil and gas holding company.
President Joko “Jokowi” Widodo has signed the long-awaited Government Regulation (PP) No. 6/2018 on additional state capital injection for state-owned energy giant Pertamina that serves as the legal basis to transform the company into an oil and gas holding firm.
President Joko "Jokowi" Widodo has given the green light for the establishment of a state-owned oil and gas holding company supported by state-owned energy company Pertamina and state-owned gas distributor PT Perusahaan Gas Negara (PGN).
The government is going ahead with its plan to establish an oil and gas holding company, marked by the reorganization Wednesday of state-owned energy company Pertamina, a move that resulted in the removal of the gas directorate, an official has said.
State-owned gas distributor PT Perusahaan Gas Negara (PGN) delayed the plan to handover 57 percent of their shares to state-owned energy company Pertamina, pending the issuance of a government regulation (PP) on the establishment of an oil and gas holding firm.
State-owned gas distributor PT Perusahaan Gas Negara (PGN) will hold an extraordinary shareholders meeting on Thursday as an initial step toward the establishment of an oil and gas holding firm, together with state-owned energy firm Pertamina.
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