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As reported by EnergyReview.net, a row has erupted between the state-run firm and the US energy giant over Pertamina’s decision last month to take over managment of the resource-rich block.
In a statement Pertamina president director Widya Purnama said, “The House’s support to [our] plan to operate the Cepu block by [ourselves] was very positive so in the future the company could give significant contribution to the country and able to compete in the international [market].”
However, the Commission urged the state firm to settle its issues with the Karaha Bodas Co, evaluate and better manage its assets, and urged the firm to prevent Indonesia’s fuel subsidy from increasing.
The Commission also wants Pertamina to “take legal and administrative measures to solve irregularities such as graft in the gas pipeline project in East Java, Petral and Pertamina Saving Investment”, a scandal which has cost the firm around US$21.5 million in losses.
