Ministry of State Owned Enterprises (SOEs), expects the plan of PT Pertamina (Persero) to acquire shares of PT Medco Energi Internasional Tbk could make the company becomes greater.
"(Pertamina) seems serious to enlarge the company," said Minister of State Enterprises, Mustafa Abubakar, in his office, Jalan Medan Merdeka Selatan, Jakarta.
Mustafa said that Pertamina did not specifically explain the plan of merging two big companies in the energy sector. However, he said, Pertamina interested to change the position of shareholders who held Arifin Panigoro.
"They're interested in, both stocks, Arifin or public stocks," he said.
With the acquisition of Medco, Pertamina expects the government which has been the largest contributor to such dividend will further strengthen the company position.
In addition to assets, Pertamina is also expected to strengthen the company with increasing revenues.
As a reminder, Pertamina's management often get criticism from members of the House of Representatives (DPR) and the community being unable to compete with Malaysian oil company, Petronas. In fact, in its heyday, the company has become a place of knowledge for companies such neighbor Affairs.
Responding to such criticism, President Director of Pertamina, Karen Agustiawan on Friday, September 24, 2010 once said 'defeat' of Petronas, Pertamina because the government had banned Pertamina's upstream sector work. In fact, as a mining company, the upstream sector is very profitable business.
In fact, due to the ban, Pertamina until now known as a company synonymous refueling station general (gas stations), not the company's oil and gas refineries.
The policy bans develop upstream, according to Karen, has caused Pertamina more focus as a policy implementer of public service (public service obligation / PSO). "We were told to concentrations at the pump," he said.
Seeing these conditions, Pertamina claimed since last 3-4 years began to develop business in the upstream sector. Indonesia Today
