JAKARTA (The Jakarta Post): Major restructuring completed recently at Pertamina is expected to help the state-owned energy giant achieve US$93bil in revenue and $21bil in net profit within three years. “Still, Pertamina faces challenges, including the energy transition from fossil fuels to new and renewable energy,” Fajriyah told The Jakarta Post on Friday. "This transformation is [also] in line with the global transition to renewable energy," Pertamina president director Nicke Widyawati said in a statement issued on Sept 10. “The challenge in moving forward after the restructuring process lies within Pertamina itself,” he told The Jakarta Post on Friday. “Any internal [issues] would have to be resolved immediately to achieve the [revenue] target,” Reforminer Institute executive director Komaidi Notonegoro told the Post on Friday.

Source: The Star September 19, 2021 06:56 UTC