Pertamina Gives 10% ONWJ Shares to West Java

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  • Stasiun produksi PT Pertamina EP Field Subang, Jawa Barat. TEMPO/Amston Probel

    Stasiun produksi PT Pertamina EP Field Subang, Jawa Barat. TEMPO/Amston Probel

    TEMPO.CO, Jakarta - PT Pertamina is willing to give 10 percent of shares the company owns in Offshore North West Java (ONWJ) Block to West Java-owned companies (BUMD).

    Pertamina’s Corporate Communication VP Wianda Pusponegoro said Pertamina would not mind if the company’s shares decreased. “We obey the government’s decision,” said Wianda on Tuesday.

    However, she stressed West Java BUMD must have enough funds to invest because Pertamina will not bail out investment funds for West Java BUMD.

    “We choose business-to-business scheme with funding from BUMD on 10 percent PI,” she said.

    BISNIS.COM