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SOEs' subsidiaries continued to be IPOed, privatized amidst controversy
Several Indonesian state-owned enterprises (SEO) will go public in the next few years, according to a senior official. These SEOs include Inalum Operating, a subsidiary of state-owned mining company MIND ID, PT Pertamina Bina Medika (Pertamedika IHC), Pertamina Geothermal Energy, and several subsidiaries of Indonesia's state-run telecommunications company PT Telkom.
Indonesia-Nigeria: A Man Behind The Strategic Collaboration
In order progressively to replace its Iranian crude suppliers – permanently in conflict with the U.S. – the Indonesian oil company Pertamina, decided to buy its crude from Nigerian National Petroleum Corporation (NNPC).