News dalla rete ITA

8 Marzo 2018



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).State-Owned Enterprises Minister Rini Soemarno said on Wednesday that a presidential regulation (Perpres) on the establishment of the holding company would be signed before March 25, the deadline PGN decided on during an extraordinary shareholders meeting on Jan. 25, 2017.Rini said the plan to establish the holding company had received approval from minority stakeholders, namely private shareholders of PGN.“The establishment of the holding will be in late March or early April, soon after the President signs the Perpres," she said after meeting with Jokowi at the Presidential Palace.Under the plan, government shares in PGN will be transferred to Pertamina. Currently, the government owns 56.96 percent of PGN, while the remaining shares are owned by private entities.The meeting on Wednesday was also attended by Coordinating Economic Minister Darmin Nasution, Finance Minister Sri Mulyani Indrawati and Development Finance Comptroller chairman Ardan Adiperdana.Sri Mulyani said with the synergy between Pertamina and PGN, the government hoped to eliminate the overlapping investment in the two state-owned companies."The President wanted to know about the business model. He wants the synergy to result in a positive output," the minister added.Prior to the establishment of the holding company, Pertamina subsidiary PT Pertamina Gas will be merged into PGN.  (ICE GIACARTA)