Elia Massa Manik has been confirmed new chief executive officer of state oil and gas company Pertamina yesterday. He will manage a company with liabilities of US$25 billion and total assets of US$47.23 billion, which is almost one-third the size of Petronas (US$136 billion). Last year, Pertamina booked net profit of US$3.15 billion, jumped by 121.6% from 2015 even though sales revenues fell 12.6%.To subscribe please click here