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Too Much Intervention Could Affect Pertamina’s Long Term Projects

JAKARTA (TheInsiderStories)—Too much government intervention in the changing Pertamina’s board of directors potentially cause crucial projects delays and disrupt long term plans of the...

Indonesian Gov’t Appoints Nicke Widyawati as Pertamina’s Acting CEO

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

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...

Latest article

Reviewing President Widodo’s Ambitious Growth Target in 2019

JAKARTA (TheInsiderStories) – The administration of President Joko Widodo has set an ambitious target of seeing domestic economy expanding by 5.4-5.8 per cent in...

Indonesia Records US$13B Investment Realization in Q1

JAKARTA (TheInsiderStories)—The Investment Coordinating Board of Indonesia reported that the country recorded realization investment Rp185.3 trillion (US$13.42 billion) in the first quarter of 2018,...

ExxonMobil to Acquires Indonesian Lubricant Manufacturer

JAKARTA (TheInsiderStories) - ExxonMobil, an U.S energy company has announced its plans to acquire 100 percent interest of PT Federal Karyatama (FKT), a subsidiary of...

ASEAN Members Committed to Synchronize Rules on E-Commerce

JAKARTA (TheInsiderStories)—The Association of Southeast Asian Nations (ASEAN) members expressed commitment to synchronize regulations on e-commerce on each jurisdictions as part of an effort to strengthen...

Indonesia’s President Resist Concerns on Rupiah Volatility

JAKARTA (TheInsiderStories) - Indonesia's President Joko Widodo was upbeat on the country's economic fundamental, and turned down concerns over the rupiah currency depreciation. "Our macro-economic fundamentals...

Indonesia’s Chandra Asri Prepares US$5B Petrochemical Factory

JAKARTA (TheInsiderStories) - PT Chandra Asri Petrochemical Tbk (IDX: TPIA), an integrated petrochemical company in Indonesia, prepares second petrochemical factory with costs US$5 billion,...