Jokowi moots cooperation or even merger of Petronas, Pertamina

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The Indonesian president says the two state oil companies should collaborate or even combine to become a big enterprise with more capacity, capital and equity. FMTNews

Dr Mahathir Mohamad and President Joko Widodo attend Friday prayers at Masjid Putra in Putrajaya today.

Asked during an interview if he had considered the prospects of cooperation between Petroliam Nasional Bhd and Pertamina, Widodo said: “ can be. Petronas and Pertamina could collaborate or be merged as one to become a large enterprise with more capacity, capital and equity. Widodo also said that both nations should start working together “as soon as possible” to challenge a European Union ruling to phase out palm-based biodiesel as a renewable energy source.The leaders of Indonesia and Malaysia, the world’s two biggest palm oil producers, sent a letter of objection to the European Union in April criticising its decision to no longer consider palm oil as a green fuel.

 

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With no integrity as proven in other ventures, what guarantee this will work !

Whatever you do, make sure Sarawak gets its 20% oil royalties. Sarawak needs more roads, bridges, schools, clean water, etc. The money is wasted on West Malaysia coz all you’re doing is giving first class stuff to third class people.

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