PERTAMINA CEO Dwi Soetjipto at long last dissolved the company subsidiary, Pertamina Energy Tading Ltd, better known as Petral, along with its many business units. The Oil and Gas Governance Reform Team appointed by President Joko Widodo recommended that if Pertamina were to improve its performance, Petral should be dissolved. Waiting to take over in the wings is Pertamina’s Integrated Supply Chain (ISC). Does this represent real change in the operations of the state-owned company, or a mere case of old wine in a new bottle?