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Indonesia’s Pertamina Need Funds US$133 Until 2026

JAKARTA (TheInsiderStories) - State run oil and gas holding, PT Pertamina, needs funding of US$133 billion until 2026 to boost the production capacity, said the...

Indonesia’s Pertamina Profit Stagnant Amid the Low Price

JAKARTA (TheInsiderStories) - The largest energy producers in Indonesia, PT Pertamina reported booked a net profit US$2.53 billion in 2019, same with last year' number. This...

Thohir Cut Half of Pertamina’s Board of Directors, Set Up Subholding

JAKARTA (TheInsiderStories) - State own enterprises minister, Erick Thohir, cut half of the energy producer, PT Pertamina' board of director at the shareholder meeting today...

Saudi Aramco Quits from Pertamina’s Cilacap Oil Refinery Project

JAKARTA (TheInsiderStories) - Saudi Arabian Oil Co., (Aramco) quit from Cilacap oil refinery project owned by energy firm, PT Pertamina after a long discussion, said...

Taiwan’s CPC, Pertamina to Build Petrochemical Complex in West Java

JAKARTA (TheInsiderStories) - A joint petrochemical complex planned by CPC Corp., from Taiwan and state-owned energy producer, PT Pertamina is to be built in Balongan, West Java,...

Indonesia Targeting will be Free from Oil Import Starting 2026

JAKARTA (TheInsiderStories) - Indonesian government targeting to be free from oil import starting 2026, said the official last week. To support the government plans, state-owned energy...

ADB Approves Loan Facility US$300M for Geo Dipa Energi

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$300 million loan to help PT Geo Dipa Energi, an Indonesian state-owned company, expand...

Pertamina, South Korean Firms Signed a Deal to Build RDMP in...

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and a consortium of South Korean companies signed a memorandum of understanding to examine the business opportunities in...

COVID-19 Hit Pertamina, Net Profit Could Drops 51%

JAKARTA (TheInsiderStories) - CEO of energy producer, PT Pertamina, Nicke Widyawati told member of parliament that her company experienced triple shock during the COVID-19 outbreak. At...

Chevron Indonesia Prepares US$152M to Develop Rokan Block

JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia, unit of Chevron Corp., (CVX.N) prepared budget US$152 million to develop Rokan Block starting November 2020, said the official...

Indonesia Chops Oil and Gas Output Amid the Low Productions

JAKARTA (TheInsiderStories) - Indonesia SKK Migas cut this year' oil and gas production outlook to 725,000 barrels per day (bpd) and 5,727 million cubic feed...

Number of SOEs Lessen than 42 in 10 Years, says Thohir

JAKARTA (TheInsiderStories) - State Own Enterprises (SOEs) minister, Erick Thohir, wants to lessen number of state companies not more than 42 in 10 years,...

Chevron Indonesia Agrees to Operates Rokan Block Until 2021

JAKARTA (TheInsiderStories) - Coordinating minister for investment and maritime affairs, Luhut Binsar Panjaitan said, PT Chevron Pacific Indonesia (CPI), unit of United States-based oil producer,...

Indonesia’s Pertamina Prepares Investment US$7.8B in 2020

JAKARTA (TheInsiderStories) - Indonesian largest oil and gas producer, PT Pertamina, prepared an investment US$7.8 billion in 2020 to continue aggressively drilling wells, said the CEO...

Indonesia’s 2020 Oil and Gas Output Likely to Fall

JAKARTA (TheInsiderStories) - Indonesia’ production of both oil and gas will most likely fall in 2020 despite the official projections of a combined 8 percent...

Indonesia’s Pertamina offers Another Global Bond

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina, has plans to releases another global medium term notes (GMTN) under its US$10 billion program. The plan...

Pertamina, Eni Canceling Downstream Project Cooperation in Indonesia

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and Eni S.p.A, an Italian multinational oil and gas company, has recalled the cooperation plans to explore downstream projects...

Indonesia Cuts Pertamina’s Oil Import to 50Mbbl in 2020

JAKARTA (TheInsiderStories) - Indonesia' energy and mineral resources (EMR) ministry ordered the top refiner, PT Pertamina to limit the purchase of crude oil from overseas to...

Indonesia to Regulates DMO of Gas, President Wants to Lowering the...

JAKARTA (TheInsiderStories) – Indonesian government has plan to regulate the domestic market obligation (DMO) of gas to drive down the price for local manufacturers, said...

SKKMigas Targeting National Oil Production 1MMbbl in 2031

JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) targeting to lift the national oil production up to one million barrels...

Indonesia Appoints 18 Producers to Run B30 Program

JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry appoints 18 biofuel producers to carry out a mandatory policy of a biodiesel mixture program of the...

Pertamina to Import 4.75Mbbl Crude Oil from America in 2020

JAKARTA (TheInsiderStories) - State-owned energy holding firm, PT Pertamina plans to import crude oil from the United States (US) as much as 4.75 million...

Weekly Briefing: Indonesia – South Korea Signs CEPA, Bloomberg Run for...

JAKARTA (TheInsiderStories) - Good Morning! Indonesian President Joko Widodo and South Korean President Moon Jae-in will meet today to discuss various bilateral issues. Both leaders...

Indonesia’s Pertamina Prepares US$1.5B to Excavate Mahakam Block

JAKARTA (TheInsiderStories) - Indonesian energy holding company, PT Pertamina prepared an investment US$1.5 billion to drill 257 wells at Mahakam Block during 2020 - 2022, said...

Moody’s Revises Outlook on Cikarang Listrindo to Positive

JAKARTA (TheInsiderStories)  - Moody's Investors Service has revised the outlook on PT Cikarang Listrindo Tbk (IDX: POWR) ratings to positive from stable. In addition, Moody's has affirmed the company'...

The Deal between Saudi Aramco, Pertamina Close This Year

JAKARTA (TheInsiderStories) - Saudi Aramco and state-owned energy producer, PT Pertamina resume their negotiation on Cilacap refinery, state Own enterprise Minister told reporters on...

Indonesia Needs Investment US$6B to Produce 1 Million Barrels Oil

JAKARTA (TheInsiderStories) - It took 10 years and funds of US$6 billion to pursue oil production of 1 million barrels oil per day (MBOPD), said...

Indonesia’s Pertamina, PLN Creates Power Business Unit

JAKARTA (TheInsiderStories) - State-owned companies, PT Pertamina and PT Perusahaan Listrik Negara (PLN) agreed to form a joint venture in the electricity business based on gas,...

Indonesia’s Perusahaan Gas Negara Prepares Capex US$700M in 2020

JAKARTA (TheInsiderStories) - Indonesia' gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) planned to develop distribution pipe in several cities in Indonesia...

Indonesia’s Perusahaan Gas Negara Seeks US$500M from Bank, Global Market

Jakarta (TheInsiderStories) - Indonesian gas producer, PT Perusahaan Gas Negara Tbk (PGAS) seeks funding of US$500 million in this year. It will be met by...