Pertamina eyes US$2.41b in profit
State-owned oil and gas Pertamina has set a target of Rp 22 trillion (US$2.41 billion) in profit this year, or slightly increase from last year’s profit of Rp 21 trillion.
“This year, we use crude oil price assumption of US$60 per barrel, while last year’s assumption is higher,” Maizar was quoted by Antara as saying.
Pertamina will also allocate Rp 14.6 trillion for capital expenditure.
Investment will be focused on the development of Cepu Block, Central Java, and Pondok Tengah Oil Field, Bekasi, West Java.
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