JAKARTA, 18 January 2008 - Pertamina is in need of twice as much foreign money because of high oil prices on the international market with prices reaching as high as 100 US dollars per barrel. Earlier today the general manager of PT Pertamina, Ari Hernanto Sumarno, said that Pertamina was in need of foreign money to pay for the imports of oil for the company. Pertamina has to buy oil from outside Indonesia, even if the prices rise. This is caused by the fact that the total production of oil in Indonesia is not sufficient to cover all of it’s needs.
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