Indonesian state firm Pertamina's shipping arm weighs IPO next year

Indonesian state firm Pertamina's shipping arm weighs IPO next year

A sign of the state-owned Pertamina seen at a petrol station in Jakarta, Indonesia, February 17, 2016. REUTERS/Beawiharta/File Photo

Pertamina International Shipping (PIS), a unit of Indonesian state energy firm Pertamina, is considering an initial public offering (IPO) next year to help finance its expansion plan, a company official said on Thursday.