Restructured Pertamina targets revenue of US$93bil in 2024


The Pertamina headquarters in Central Jakarta is pictured in this undated photo. - Courtesy of Pertamina

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.

State-Owned Enterprises (SOEs) Minister Erick Thohir said given that the company was aiming for a valuation of $100 billion in 2024, booking $93 billion in revenue was not an impossible task.

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Indonesia , Pertamina , restructuring

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