Still, in the upstream sector, he added, Pertamina can maintain a balance between supply and demand and even requires imports of crude oil, to promote the company’s growth.
He said that the contribution from the refinery sector can also support the distribution of domestic fuel.
Despite a net loss of $767.92 million in the first semesterof 2020, the company is estimated to obtain profit in the second semester.
Pertamina is projected to achieve a net income of about $800 million this year. If this target can be achieved, it will allow the business to become profitable, he said.
Not all the world’s oil and gas companies could gain profits by the end of 2020, he added.
(Editor: Ambaranie Nadia Kemala Movanita)
Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.