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Home >> World
UPDATED: 08:46, August 24, 2005
Indonesia to change management in state oil firm Pertamina
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The Indonesian government plans a major reshuffle in state-run oil and gas firm Pertamina within two weeks, a senior official said Tuesday.

"We hope it (reshuffle) will be completed within one or two weeks from now," State Minister of State-Owned Enterprises Sugiharto told reporters here.

He said around 20 candidates for Pertamina's board of directors are now awaiting approval from a jury headed by President Susilo Bambang Yudhoyono.

Calls are mounting for a succession in Pertamina due to recent fuel shortage and a sharp decline in national oil production.

Indonesia's average output hovers around 1 million barrels per day, far below a 1.4 million barrels quota from the Organization of Petroleum Exporting Countries, in which Indonesia is a member.

Source: Xinhua


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