Pertamina buys Malaysian assets to meet domestic demand. Pertamina is also reducing its investments in property and other non core bussinesses to help the administration bolster the oil industry.
In the Jokowi Administration era, analysts predicted due to access to financing has tightened across the world, and as the perception of risk in the industry grows, state companies like Pertamina find themselves with reduced access to credit, and on less attractive terms. However,By improving perceptions of the country’s fiscal sustainability, the reforms can contribute to improved investor perceptions, as evidenced by the speculation that Standard & Poor’s may give Indonesia an investment-grade credit rating
During a 48-hour operation, Mammoet recently installed the Malampaya Phase 3 Depletion Compression Platform in the West Philippine Sea for its client Shell Philippines Exploration B.V. Mammoet was contracted for the offshore operation to lower the DCP legs and lift the platform to its final height.
Civil society members of the Extractive Industries Transparency Initiative’s International Board have slammed the government over the death of a protester at the Letpadaung copper mine in December, as well as subsequent charges filed against civil society leaders.