Pertamina Ready 'Shopping' Rp 359 Trillion By 2015

Jakarta - PT Pertamina (Persero), claimed to be ready to invest their funds up to Rp 359 trillion from 2011 through 2015. Investments will be made from upstream to downstream.

This was conveyed by Pertamina's VP of Corporate Communication, Mochammad Aaron, Jakarta, Saturday (08/20/2011).

"Investment as a whole will reach Rp 359 trillion. It includes the investments for the development of upstream to downstream," said Aaron.

Aaron explained that in 2011 this was state-owned oil and gas investment target of up to Rp 37.1 trillion in 2011. The next year, Pertamina is targeting investments of up to Rp 83.9 trillion.

Aaron continued, in 2013, the investment is estimated to reach Rp 77.9 trillion and Rp 71, 6 trillion in 2014. New in 2015 projected kebutuha Pertamina's investment of up to Rp 88.1 trillion.

"We will prepare a lot of activity and is still dominated for the upstream business development. 85% of the investment will be allocated for the upstream sector to 5 years into the future," explained Aaron.

Described by him, in detail for the years 2011-2015, the funds needed for the development of the upstream sector reached Rp 303.9 trillion. As for the upstream business will be required to Rp 50.4 trillion, and the will was prepared for the needs of corporate investment funds amounting to Rp 4.4 trillion

"All that we are prepared for field development, mergers, or acquisitions. In the downstream sector, we will expand, including to business aviation, lubricants, and so on," added Aaron.