Indonesia's Pertamina Hulu Energi delays IPO plan

Indonesia's Pertamina Hulu Energi delays IPO plan

PHILE PHOTO: A view of state-owned oil giant Pertamina's refinery unit IV in Cilacap, Central Java, Indonesia January 13, 2016. REUTERS/Darren Whiteside/File Photo

The upstream unit of Indonesia’s Pertamina, Pertamina Hulu Energi, has delayed its initial public offering (IPO) plan over an administrative issue, the country’s Financial Services Authority (OJK) said on Monday.