Privatization, continued

Two more state-owned monoliths look set to yield to pressures reshaping the oil-producing world in the 1990s.Indonesia's legislature is ready to pass a bill by month's end that will end a 30-year-old monopoly of the state oil company, Pertamina. And leaders of Norway's Statoil have recommended a reorganization that would put their company partly in nongovernment hands.Privatization strikes again.Change at PertaminaPertamina's change comes as part of the political reforms sweeping Indonesia following the May 1998 ouster of Suharto, the country's first president (OGJ, July 26, 1999, pp. 27, 30). The cronyism that characterized Suharto's rule infected the company. Inc...

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