Indonesia A Step Closer in Making Pertamina the Oil & Gas Holding Firm
The government of Indonesia is now one step further in turning fully state-owned energy company Pertamina into an oil & gas holding firm. Indonesian President Joko Widodo signed Government Regulation No. 6/2018 on the Formation of a State-Owned Oil & Gas Holding Firm thus formalizing the government's decision to move its 57 percent stake (Series B shares) in gas distributor Perusahaan Gas Negara to Pertamina.