Indonesia's Pertamina plans US$133bil capital spending over 6 years

JAKARTA:Indonesia state oil company PT Pertamina will allocate US$133 billion on capital expenditure over the next six years, Strategic Director Iman Rachman told parliament.

JAKARTA:Indonesia state oil company PT Pertamina will allocate US$133 billion on capital expenditure over the next six years, Strategic Director Iman Rachman told parliament. .

He said 47% of the investments would come from Pertamina's own funds, 10% would be raised through project financing, 28% would be raised from other external funds and 15% would come from equity financing. He added that initial public offerings (IPOs) would be part of Pertamina's fund raising strategy.