Govt Shuts Door on Pertamina Taking Over BPMigas’s Responsibilities

December 4, 2012

Shocker, this. First we had this news, then this. Yes, I know it’s not Malaysian news, but waiting to see if the splatter from this hits other regional O&G regulators.

Dateline 2012-11-22:

The Indonesian government has shut the door for state-owned energy company Pertamina to assume the role of now-defunct oil and gas regulator BPMigas, two cabinet ministers said.

Energy and Mineral Resources Minister Jero Wacik and State Enterprises Minister Dahlan Iskan briefed Pertamina’s board of directors and board of commissioners in Jakarta on Wednesday, ordering the company to drop its plan.

Pertamina should instead focus on its big plans, the ministers said.