Nusa Dua (ANTARA News) - Indonesia`s state-owned oil company Pertamina is targeting 88 percent in investment growth until 2012 which is equal to Rp41.2 trillion.<\/p>\n
\"Sixty-six percent is expected to be put in the upstream sector while 33 in the downstream and two percent in other sectors. Why because the upstream sector is Pertamina`s future,\" the company`s deputy president director, Omar S Anwar, said to ANTARA on the sidleines of the 42nd meeting of the Asian Development Bank here on Saturday.<\/p>\n
For investment in the upstream sector, he said, Pertamina would cooperate with investors if it involves really large funds.<\/p>\n
He said investment need tended to increase since 2006 from Rp8.1 trillion in 2006 to Rp14.9 trillion in 2007, Rp17.3 trillion in 2008 and Rp21.9 trillion in 2009.<\/p>\n
The company`s net profit also tended to increase significantly to Rp30.2 trillion in 2008 from Rp24.5 trillion in 2005, he said.<\/p>\n
He said he hoped \"half of the targeted investment of Rp41.2 trillion could come from outside. There are a lot of mechanisms for us to take such as by being the main sponsor like for the current ADB meeting to make us more known.\"<\/p>\n
He said many big bank executives attended the meeting who could become would-be partners for Pertamina.<\/p>\n
\"There are also countries that we can approach for the investment program. However we cannot as yet disclose them. It is still too early,\" he said.(*)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/pertamina-targets-88-pct-investment-growth-1241314951", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }