State oil and gas firm Pertamina booked net profit of US$1.4 billion in first half (H1) this year, declined 24% from US$1.83 billion in H1 last year. Revenues increased 19% to US$20.5 billion. Higher crude oil price and flat fuel price are factors for Pertamina’s profit decline in said period. Crude oil price increased 30% to US$48.9 per barrel from US$36.16. Pertamina’s realized investment also rose to US$1.49 billion from previous US$810 million.
