Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind


JAKARTA, July 2 (Reuters) - Indonesian state energy firm Pertamina said it was considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources.

"We have just started a joint working group to evaluate this plan, together with Pupuk Indonesia and Rekind," Pertamina spokeswoman Wianda Pusponegoro told Reuters on Thursday. Pupuk Indonesia is the majority shareholder in Rekind.

A spokesman for Rekind, an engineering, procurement and construction (EPC) firm, was not immediately available for comment.

Earlier, Pertamina CEO Dwi Soetjipto told Kontan newspaper that the firm aimed to complete the acquisition this year.

($1 = 13,335 rupiah)

(Reporting by Fergus Jensen; Editing by Alan Raybould)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Port Engineer
Expertise: Marine Engineering|Operations Management|Ships Engineer
Location: Albany, NY
Technical O&M Advisor - LNG - Direct Contract or W2
Expertise: Process Engineer
Location: Houston, TX
Software Engineer
Expertise: Electrical Engineering|IT - Software Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours