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Indonesia’s Pertamina Takes Over Eight Oil & Gas Blocks

JAKARTA (TheInsiderStories)—Indonesian government handed over the management of eight working areas (WA) that expired its contract in 2018 to PT Pertamina. The investment potential for...

SOE Ministry Signs Letter Approving PGN’s Takeover by Pertamina

JAKARTA (TheInsiderStories)— Indonesia's Minister for State-Owned Enterprises on Wednesday (04/11) signed an approval letter over the transfer of a 56.96 percent stake in state gas...

Pertamina Admits Oil Spill from Balikpapan’s Refinery Leaked Pipe

JAKARTA (TheInsiderStories)—PT Pertamina, finally admitted the oil spill that killed five fishermen in Balikpapan, East Kalimantan province came from the company’s leaked pipe. The state-owned...

Pertamina Scraps Gas Director Post

JAKARTA (TheInsiderStories) – The government through the State Owed Enterprises (SOE) has changed the structure of Pertamina’s board of directors, including by scrapping the...

SOE’s Ministry Shakes up Pertamina’s Directors Board Again

JAKARTA (TheInsiderstories) – PT Pertamina, a state-owned energy company is currently holding extraordinary shareholders meeting to shake up the company’s board of directors composition....

Pertamina Bags US$600M Loan from MUFG, Bank Mandiri

JAKARTA (TheInsiderStories) – Diversified state energy company PT Pertamina on Thursday (02/08) secured a syndicated loan worth US$600 million from eight international banks. PT Bank...

Pertamina Partnering with OOG, Cosmo Oil in Bontang Refinery Project

JAKARTA (TheInsiderStories) - Diversified energy company PT Pertamina has appointed Overseas Oil and Gas LLC (OOG) from Oman and Cosmo Oil International Pte Ltd...

Pertamina to Develop $2B Integrated Gas Project in Bangladesh

JAKARTA (TheInsiderStories) – Indonesia’s state-owned energy company PT Pertamina is embarking on a major gas infrastructure project in Bangladesh, marking the company’s entry into...

Pertamina Targets Iran’s Oilfield Acquisition Completed in April

JAKARTA (TheInsiderStories) - PT Pertamina, the largest oil and gas producer in Indonesia, expects to complete its planned acquisition of an operating interest in...

Pertamina Manages Sonatrach Oil and Gas Block in Algeria

JAKARTA (TheInsiderStories) - PT Pertamina, the largest energy company in Indonesia and Sonatrach signed Memorandum of Understanding (MoU) on oil and gas block in Algeria. The two...

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Australian Macmahon Commences Phase 2 of Batu Hijau Mines

JAKARTA (TheInsiderStories) - Australian mining services firm Macmahon Holdings Limited (ASX:MAH) has commenced Phase 2 of the Batu Hijau contact in Indonesia. Batu Hijau copper and...

Indonesian Lender to Raise US$500M from Global Bonds in Q3

JAKARTA (TheInsiderStories) - State-owned lender PT Bank Rakyat Indonesia TbK (IDX: BBRI) will issue US$500 million global bonds in third quarter this year, aims to...

Policy Review: The Bright Future FinTech Business in Indonesia

JAKARTA (TheInsiderStories)—The financial technology (FinTech) players are shaking up the banking sector in Indonesia to provide payment and lending facilities and collaboration between the...

Bank Indonesia Keep Rate Unchanged in April

JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) decided keep its benchmark interest rate in 4.25 percent on Thursday (19/4), leaving it unchanged since September last year. The...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Italian’s Eni Get Approvals To Develop Merakes Field in Indonesia

(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the...