AlwaysFree: Indonesia’s State Oil Company Pertamina Allocating $133 Million Capital Expenditure Over The Next Six Years

Pertamina, Indonesia state oil company, will allocate the capital expenditure of $133 million over the next six years. This announcement was made to the indonesian parliament on Monday, June 29, by its Strategic Director Iman Rachman. Rachman said that 47% of the total investments would come from Pertamina’s own funds, while 28% from external funds, 15% from equity financing and 10% from project financing. The Initial Public Offerings (IPO) of the company’s subsidiaries would be part of Pertamina’s fund raising strategies.