Higher oil prices, sliding local currency, and deteriorating government finances have led to Indonesia’s state oil firm Pertamina seeking to reduce expenses in U.S. dollars, and the company has issued tenders to buy spot […]
Indonesia’s state-owned energy company Pertamina needs US$100 billion to boost oil production and meet the country’s oil demand, with 70 percent of this spending expected to come from external funds and partners, Pertamina’s vice president of […]
The newly replaced president director of flag carrier Garuda Indonesia, Pahala Nugraha Mansyuri, has been appointed as the finance director of state-owned oil and gas holding company Pertamina at an extraordinary shareholders meeting on Thursday. Pahala was […]
Indonesia recorded a substantial decline in crude oil imports in June, official statistical data quoted by S&P Global Platts showed, as the country boosted domestic production. At 833,630 metric tons, the June crude oil imports were […]
The future is looking grim for foreign resource companies with investments in Indonesia. In the current election cycle, it has become increasingly politically popular to push for repatriation of the country’s vast wealth of […]
In its latest ‘resource nationalization’ push, Indonesia’s government is drafting a new regulation that will require all oil contractors to sell their crude oil production to state-held energy firm Pertamina. Indonesia will publish the change in […]
JAKARTA — Indonesia’s state-owned oil and gas giant Pertamina has won a government bid to take control of one of the country’s largest oil blocks in Sumatra from its long-time operator, Chevron, after the […]
Indonesia’s state-owned Pertamina plans to import around 8-9 million barrels of gasoline in July, down 1-2 million barrels from June, as the Ramadan peak demand season comes to a close, market sources said Wednesday. […]
Jakarta. When Pertamina’s former chief executive, Elia Massa Manik, was fired on Friday (20/04), he became the state energy company’s shortest-serving boss in more than a decade. His expulsion after 13 months followed repeated clashes […]
JAKARTA, April 20 (Reuters) – Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said on […]
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