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Indonesia: Pertamina to Spends US$10.7B in This Year

JAKARTA (TheInsiderStories) - State energy holding company, PT Pertamina, announced today to spends US$10.7 billion in 2021, double than last year of $4.7 billion. It said,...

Indonesia: Perusahaan Gas Negara Seeking Foreign Market

JAKARTA (TheInsiderStories) - After recording a huge losses of US$264.7 million in 2020, PT Perusahaan Gas Negara Tbk (IDX: PGAS) will aggressively develop the liquefied natural...

Indonesia’s Pertamina Shuts Down Balongan After Fire

JAKARTA (TheInsiderStories) - Energy holding firm, PT Pertamina, has shut Balongan refinery, West Java, to prevent the spread of the fire after an accident on Monday...

Indonesia’s Pertagas, Rukun Raharja Build Oil Pipelines in Rokan Block

JAKARTA (TheInsiderStories) - PT Pertamina Gas (Pertagas) joined with PT Rukun Raharja Tbk (IDX: RAJA), collaborating to construct Balam - Bangko - Dumai and the...

Pertamina Signs US$2B LPG Supply Deal with ADNOC

JAKARTA (TheInsiderStories) - The unit of state run energy firm, PT Pertamina, and Abu Dhabi National Oil Company (ADNOC), has signed liquefied petroleum gas (LPG) and...

Indonesia’s Pertamina to Spends US$92B Until 2024

JAKARTA (TheInsiderStories) - The largest oil and gas producer, PT Pertamina, plans to spends around US$92 billion during 2020 - 2024, said the director today. Majority...

Indonesia’s Pertamina to Import 118 Million Barrels of Fuel in 2021

JAKARTA (TheInsiderStories) - Fuel import of Indonesian energy holding firm, PT Pertamina, to rises by 36.25 percent from 86.9 million barrels of oil to 118.4 million...

Indonesia Prepares 12 SOEs to Go IPO Until 2023

JAKARTA (TheInsiderStories) - The state-owned enterprises (SOEs) ministry prepared 12 companies, subsidiaries, and grandchild to list the shares (IPO) on the Indonesia Stock Exchange starting this...

Indonesia’s Pertamina Hulu Mahakam Gives Swamp Rig Contract to Apexindo

JAKARTA (TheInsiderStories) - PT Apexindo Pratama Duta Tbk (IDX: APEX), an offshore and onshore drilling for the oil, gas, geothermal and coal bed methane industries, has...

Indonesia’s Pertamina Raises US$1.9B from Global Bond Market

JAKARTA (TheInsiderStories) - PT Pertamina, a government-owned energy firm has raised US$1.9 billion from the issuance of yankee bonds, said the source close to the deal....

Indonesia’s Perusahaan Gas Negara to Pay Deferred Tax US$219M

JAKARTA (TheInsiderStories) - The state-owned gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS) gave a commitment to pay deferred tax amounted to Rp3.06 trillion...

Indonesia’s Pertamina Offers Global Bond for Business Expansion

JAKARTA (TheInsiderStories) - The national petroleum company, PT Pertamina, offered US Dollar denominated bond under the US$20 billion program said the international rating agencies today....

Perusahaan Gas Negara to Distributes 912 BBTUD of Gas in This...

JAKARTA (TheInsiderStories) - State firm, PT Perusahaan Gas Negara Tbk (IDX: PGAS) targeting to distributes natural gas 912 billion British Thermal Units per day (BBTUD) in...

Pertamina Faces Lawsuit After Aborted LNG Sales to Mozambique

JAKARTA (TheInsiderStories) - The energy holding company, PT Pertamina, faced a lawsuit after aborted the sale and purchase of liquefied natural gas (LNG) with Mozambique worth...

Garuda Indonesia’s Lenders Approves the Debt Restructuring

JAKARTA (TheInsiderStories) - The state airlines, PT Garuda Indonesia Tbk (IDX: GIAA) has complete the debt restructuring with some of lenders, PT Angkasa Pura 1 (AP...

Indonesia’s Pertamina Confidents to Book Net Profit US$800M

JAKARTA (TheInsiderStories) - State energy firm, PT Pertamina, optimistic to book a net profit of US$800 million by the end of this year also earning before...

Pertamina Power Indonesia Invests US$15B to Build Renewable Energy

JAKARTA (TheInsiderStories) - PT Pertamina Power Indonesia, the unit of state-run energy holding, PT Pertamina, is preparing an investment of around US$15 billion until 2026 to...

Indonesia’s Pertamina Seeks New Partners in Rokan Block

JAKARTA (TheInsiderStories) - The national state-owned oil and gas company, PT Pertamina, is looking for potential partners in the Rokan Block, Riau, which will take over...

Indonesia’s Pertamina EP Completes Two Oil and Gas Blocks

JAKARTA (TheInsiderStories) - PT Pertamina EP, an oil and gas producer under PT Pertamina, has completed SP Bambu Besar and SKG Betung projects in this month....

Indonesian Govt Pays ‘Debt’ US$6.46B to PLN and Pertamina

JAKARTA (TheInsiderStories) - Indonesian government paid its obligation to PT Perusahaan Listrik Negara (PLN) and Pertamina with total amoun Rp90.4 trillion (US$6.41 billion) as a compensation...

Pertamina Can’t Absorbs, Indonesia will Export Banyu Urip’s Crude Oil

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Implementation (SKKMigas) plans to export crude oil from Banyu Urip field in Cepu, East...

Perta Arun Gas Plans Export LNG to Myanmar

JAKARTA (TheInsiderStories) - PT Perta Arun Gas, the unit of state-owned energy producer, PT Pertamina, plans to export liquefied natural gas (LNG) from Arun terminal in...

ANTAM, PLN, Pertamina Forms Indonesia Battery Holding

JAKARTA (TheInsiderStories) - State-run firms, PT Aneka Tambang Tbk (IDX: ANTM), PT Perusahan Listrik Negara (PLN), and PT Pertamina, plans to form a new venture...

Chevron Indonesia Drills Rokan Block, Pertamina Seeks Partners

JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia and Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) signed a head of agreement...

Indonesia’s Pertamina Receives Injection US$141M from Widodo

JAKARTA (TheInsiderStories) - President Joko Widodo injects assets worth of Rp2.1 trillion (US$141.89 million) to PT Pertamina to improve the capital structure of the...

Phoenix Petroleum Partnering with Pertamina to Enter Southeast Asian Market

JAKARTA (TheInsiderStories) - Phoenix Petroleum Philippines Inc., and PT Pertamina has signed a fuel product supply and other trading activities in Indonesia and Philippines as part...

Indonesia’s Pertamina Explores US$3B Loans for Expansion

JAKARTA (TheInsiderStories) - State oil company, PT Pertamina, has appointed six banks to seek loans in the form of a bridging loans around US$3 billion...

Perusahaan Gas Negara, Pupuk Indonesia Signs Gas Sales 91 BBTUD

JAKARTA (TheInsiderStories) - Indonesian gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) has signed a gas sale and purchase agreement with and state-owned...

Indonesia’s Perusahaan Gas Negara Delays LNG Export, Cut Capex

JAKARTA (TheInsiderStories) - Indonesian gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS), decided to postponed the export of liquefied natural gas (LNG) to China Petroleum...

Pertamina, Chandra Asri Collaborates on Petrochemical Businesses in Indonesia

JAKARTA (TheInsiderStories) - PT Kilang Pertamina Internasional (KPI), unit of PT Pertamina, signed a head of agreement with PT Chandra Asri Petrochemical Tbk (IDX: CAPC) to...
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