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Policy & Regulation
Jailing of ex-Pertamina boss shocks industry
Karen Agustiawan's conviction for corruption threatens to undermine Pertamina's chances of reviving Indonesia’s struggling oil and gas sector Karen Agustiawan's conviction for corruption threatens to undermine Pertamina's chances of reviving Indonesia’s struggling oil and gas sector.
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Karen Agustiawan, who led Indonesia’s state-owned Pertamina between 2009 and 2014, was sentenced to eight years in prison by the Jakarta Corruption Court on 11 June after being found guilty of causing IDR 568 billion ($39.9 million) in state losses relating to the acquisition of the Basker Manta Gummy (BMG) asset in Australia.
In the absence of concrete evidence against her, the consensus within the industry is that Agustiawan simply made a business investment that went wrong. This happens often in the oil and gas industry,...
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