DENPASAR, Indonesia, Nov 13 (Reuters) - Indonesian state energy firm PT Pertamina may list on the Jakarta bourse in 2012, partly to help finance its business, the minister for state-owned enterprises said on Tuesday.
Sofyan Djalil told reporters the company would have to begin preparing to meet the stock exchange's listing regulations before holding an initial public offering and listing its shares.
"There is no problem in Pertamina going public. It may go public in about five years from now," Djalil said.
He did not give details on the amount of money that would be raised from the IPO or the size of the stake that will be listed.
Pertamina's unit, PT Elnusa, had said it plans to offer 20 percent of its shares in an initial public offering in December, which could raise as much as $100 million, to repay some of the company's debt and finance its expansion plan.
The Indonesian government plans to sell stakes in 16 companies next year in a bid to help plug the state budget deficit and improve their performance.
Indonesian companies have raised more than $3 billion so far this year in initial public offerings and follow-on equity sales, according to Thomson Financial, marking a record for Jakarta's stock market. (Reporting by Muklis Ali, writing by Harry Suhartono, editing by Sugita Katyal)
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