Indonesia's president moots cooperation of state oil companies with M'sia

Indonesia's president Joko Widodo and his wifei, Iriana Joko Widodo, leave Malaysia after a two-day state visit.

KUALA LUMPUR: The state oil companies of Malaysia and Indonesia could cooperate or even merge to expand their businesses together, Indonesian President Joko Widodo said on Friday during a state visit to Kuala Lumpur.

Asked during an interview if he had considered the prospects of cooperation between Petroliam Nasional Bhd (Petronas) and Pertamina, Widodo said: "(It) can be. Petronas and Pertamina could collaborate or be merged as one to become a large enterprise with more capacity, capital and equity."