Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Energy  >> Govt likely to liquidate Petral soon
NEW UPDATES Asean Affairs  27 April  2015  

Govt likely to liquidate Petral soon

State-Owned Enterprises Minister Rini Soemarno has implied that the government would soon liquidate Pertamina Energy Trading Ltd (PT Petral), a unit of state-owned Pertamina working in oil exports and imports.

“Insya Allah [God willing] this year [a decision will be made]. I have already received a report from Pertamina and I will take it to the President to decide,” she said in a hearing with the House of Representatives Commission VI on state enterprises in Jakarta on Friday.

Rini said Pertamina’s report covered Petral’s operations.

“I am asking for a detailed report on Petral, including its legal status and employees,” she said, adding that a big part of Petral’s operations had been moved to Jakarta from Singapore.

“Since January 2015, they [Pertamina] have begun direct purchases from Jakarta and not through Singapore,” she said as quoted by Antara news agency.

With the direct purchase by Pertamina, Petral will no longer be needed.

There have long been calls for Petral, which was established in 1976 with Pertamina as a majority shareholder, to be liquidated as it has been suspected to be a haven for corrupters from the state-owned oil company.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           April  27 , 2015 Subsribe Now !
• China to invest $5 billion in Indonesia Subcribe: Asean Affairs Global Magazine
• Govt likely to liquidate Petral soon
• Rosy economic outlook seen for Philippines
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Gov’t mulls green incentives
• HCM City reports strong economic growth
Asean Analysis                   April 17, 2015
• Asean Analysis April 17, 2015
Thailand and the United States Need Better Communication
Advertise Your Brand

Asean Stock Watch  April  24,  2015
• Asean Stock Watch-April  24, 2015
The Biweekly Update
• The Biweekly Update April  17, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand