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Indonesia replaces several key Pertamina directors
JAKARTA, March 5 (Reuters) - Indonesia has appointed new directors at state oil and gas firm Pertamina including
in the upstream and processing divisions in a bid to improve performance, a minister said on Wednesday.
Pertamina has said it plans to boost its oil production by 16.4 percent next year as the government tries to limit
the crippling impact of high oil prices on its budget.
Ari Soemarno will continue as the state firm's chief executive officer.
"There is nothing special in these replacements, they are just a refreshment of the organisation," State
Enterprises Minister Sofyan Djalil told reporters.
Rukmi Hadihartini, 55, replaces Suroso Atmomartoyo as director of processing, which deals with buying crude and
looking after refineries. Hadihartini previously worked at Pertamina's processing directorate.
Karen Agustiawan, 50, replaces Sukusen Soemarinda as director of upstream, covering oil exploration and production.
She previously worked in the president director's office at Pertamina, as well as spells at Mobil Oil and Halliburton.
The government also appointed Waluyo, who goes by one name like many Indonesians, as the new human resources director.
Soemarno has said the firm planned to increase oil output to 170,000 barrels per day next year from an estimated
146,000 barrels per day this year.
"We have to make Pertamina more efficient, especially in processing and marketing, while in upstream we have
to boost production," Djalil said.
Rising global oil prices have caused the fuel subsidy bill in Indonesia, Asia Pacific's only member of the Organisation
of Petroleum Exporting Countries (OPEC), to balloon.
Jakarta cut its crippling energy subsidies in October 2005, leading to a sharp increase in fuel prices, although
these are still among the lowest in the world.
Indonesia's ageing wells and lack of investment in the energy sector have pushed the country to become a net crude
oil importer, although it is still a net energy exporter, thanks to a huge supply of natural gas and coal.
The finance ministry recently said Pertmina had 152 trillion rupiah ($16.71 billion) in assets based on 2003
data.
(Reporting by Muklis Ali, Editing by Ed Davies)
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Pertamina names new
directors
February 19, 2010
The Jakarta Post
While maintaining Karen Agustiawan as the president director of state oil and gas company PT Pertamina, the
government has appointed a new director of investment, development and risk management to replace the vice president
director post.
“There are two new posts, namely the director of investment, development and risk management and the director of
processing. The vice president director post is … to be replaced by the director of investment,” State Enterprise
Minister Mustafa Abubakar told tempointeratif.com on Friday.
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State oil and gas firm PT Pertamina has reshuffled its board of directors and added a new directorate aimed
at supporting the company’s ambitious plans for upstream expansion.
The new directorate is the investment planning and risk management directorate, to be headed by the company’s former
finance director, Frederick S.T. Siahaan.
“There will non-organic growth from our upstream business as we plan many acquisitions,” president director Karen
Agustiawan said Friday after an inauguration ceremony.
Pertamina said it had allocated Rp 29.5 trillion (US$3.16 billion) this year for upstream activities.
Of that amount, the company will allocate Rp 10.2 trillion to acquire new blocks in Southeast Asia and Australia,
including 24 oil and gas blocks in the country, whose contracts will expire between 2011 and 2020.
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