Kuntoro Mangkusubroto, Erry Riyana Hardjapamekas, or Waluyo become a new CEO Pertamina ??? Minister for State-owned Enterprises Sofyan A. Djalil claim there had yet been names are prepared to replace Ari H. Soemarno.
Today, Kuntoro, Erry Riyana, and Waluyo will fit and proper test to become a new CEO of Pertamina.
Kuntoro (former Minister of Mining and Energy and Head of the Rehabilitation and Reconstruction Executive Agency), Erry Riyana (former President Director of PT Timah and former Vice Chairperson of the KPK), and Waluyo (director Pertamina).
State oil company PT Pertamina was only able to book IDR27 trillion in net profits in 2008, down from IDR30 trillion targeted.
Meanwhile, due to decreasing ICP (Indonesia Crude Price) to US$45 per barrel and rupiah exchange rate against the US dollar to IDR11,000, Pertamina only dares to fix a net profit target of IDR12 trillion for this year.
This year, the company plans to make expansion in the upstream and downstream businesses. To support the plan, Pertamina will prepare IDR21.9 trillion in capital expenditure consisting of IDR12.6 trillion for upstream investments and IDR9.3 trillion for downstream investments.
Monday, January 26, 2009
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