Indonesia considers legislation that would end Pertamina's 30 year petroleum monopoly

Click here to enlarge imageBold reform of Indonesia`s petroleum sector is being aggressively pursued by the Indonesian government of President B.J. Habibie. The main goal of this reform is to revoke the monopoly of Indonesian state oil firm Pertamina and introduce competition into the country`s oil industry.But observers wonder whether the government has enough time to implement the planned measures, given the unknown character of a newly elected administration and the potential instability surrounding the country`s new political system.Indonesia`s excruciatingly complex electoral system is not due to produce a new president until November. Although the watchword of the election has bee...

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