Pertamina is looking to buy into projects in countries including Iraq, Saudi Arabia and Russia and will also target expansion in border areas to strengthen Indonesia's sovereign claims, including in the South China Sea, its upstream director, Syamsu Alam, told Reuters.
Pertamina plans to increase output through mergers and acquisitions by 14,000 barrels of oil equivalent per day this year, and by 117,000 boepd in 2017, Alam told the news agency.
