Legislatives: Don't Dissolve Petral's Subsidiary

Jakarta – TAMBANG. The Ad-Hoc Committee at the House of Representatives (DPR-RI) assigned to review the plan to dismiss Pertamina Energy Service (PES), discovered a sum of US$50 million collectible credit for Petral’s subsidiary. The number was exposed after the team visited PES head office in Singapore for investigation audit.

“Most of the debtors are National Oil Companies (NOC), such as CNOOC and Petronas,” said Inas Nasrullah, a member of the House of Representatives’ 7th Commission, on Monday (24/8).

Inas explained that the collectible credit sum is an accumulation of late fees from clients and other credit related to oil purchase by suppliers.

Hence the House of Representatives asked PT Pertamina (Persero), as the parent company, to re-consider the plan to dismiss Pertamina Energy Services. Some measures need to be done, to make sure that the potential income does not just disappear.

“I recommend that Pertamina cancel its plan to dissolve Pertamina Energy Services. Pertamina Energy Services is to be maintained as a trading arm of Pertamina. The company basically has the valuable experience of refinery rent and the relationship with prospective clients,” Inas told.

However, he stressed that the authority of oil purchasing is to be done under the Integrated Supply Chain (ISC). The ISC has been replacing Petral’s previous task to import oil for Pertamina’s need.