Courtesy of The Financial Times, an article on Indonesia’s plans to list a unit of its flagship oil group Pertamina this year: Indonesia plans to list a unit of its government-run oil group Pertamina this year, stepping up a partial privatisation push as part of reforms to its $606bn state-owned enterprise sector. The initial public offering […]
Read more »Via The Asia Times, a report on how Indonesia lacks the foreign investment and domestic expertise needed to keep its fast-declining oil and gas industry afloat: With Chevron and perhaps ExxonMobil heading for the exits, active exploration at a virtual standstill and production on an increasingly downward spiral, Indonesia’s government needs to conduct radical regulatory […]
Read more »As reported by The Jakarta Post, Indonesia’s state owned oil company – PT Pertamina – named a new President recently. As the article notes: “…Newly appointed Pertamina president director Karen Agustiawan has promised she will boost the company’s performance to meet production targets and to deal with possible fuel scarcity. Energy and Mineral Resources Purnomo […]
Read more »Given my last post and as further reminded by an article at Stockerblog.com, we should keep Indonesia in the back of our minds. I am personally less than bullish on the specific companies mentioned in the article, but I do believe that Indonesia – as a market and opportunity – is often unfairly “penalized” or […]
Read more »Noticed this article in the Wall Street Journal a few weeks back detailing China’s growing energy-related relationship with Sudan. Interestingly, Sudan is identified as being among Beijing’s major oil suppliers (having sent China 4.7 million metric tons of crude in the first five months of this year, a fivefold increase over the same period of […]
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