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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...

Pertamina’s Jambaran-Tiung Biru Project Gets Funding US$1.85B

JAKARTA (TheInsiderStories) - PT Pertamina EP Cepu (PEPC), a subsidiary of state-owned energy producer, PT Pertamina get funds of US$1.85 billion from a consortium of...

Indonesian Gov’s Encourages Contractors to Increase Oil and Gas Lifting

JAKARTA (TheInsiderStories) - Indonesian government encourages oil and gas Contractor partnership contract to optimize operations. Ministry spokesman said the performance of 6 of 10...

Indonesia’s Pertamina Gets 30% Corridor Block Shares Starting 2026

JAKARTA (TheInsiderStories) - State-owned oil producer, PT Pertamina obtain participating interest (PI) of 30 percent through its subsidiary in Corridor Block starting in 2026. Currently...

Indonesia’s Pertamina Raises US$1.5B From GMTN

JAKARTA (TheInsiderStories) - State-owned oil producer, PT Pertamina re-issued two series Global Medium Term Notes with total amount US$1.5 billion. Series A have tenure...

Indonesia’s Pertamina Offers GMTN US$1.5B in This Month

Singapore (TheInsiderStories) - After raised US$750 million from global medium terms note (GMTN) in 2018, state-owned energy firm PT Pertamina planned to sell $1.5 billion...

Indonesia’s Pertamina Oil Production 413 MBOPD in 1H 2019

JAKARTA(TheInsiderStories) - Indonesia’ state-owned oil and gas PT Pertamina reported in the first semester (1H) of 2019 has produced 413 million barrels oil per day (MBOPD)...

Indonesia’s Pertamina Seeks New Oil and Gas Reserves in Malacca Strait

JAKARTA (TheInsiderStories) – Indonesia' state-owned oil and gas firm PT Pertamina conducts exploration activities by carrying out two dimensions (2D) seismic surveys in the...

Morning Briefing: US, China to End Trade Tensions

JAKARTA (TheInsiderStories) – United States (US) and China have reportedly reorganized to start of serious negotiations next week to complete a year-long trade war...

Indonesia’s Pertamina, Korean Eximbank Signs US$1.5B Agreement

JAKARTA (TheInsiderStories) - Indonesian state-owned oil and gas corporation, PT Pertamina signed an US$1.5 billion framework agreement with the Export-Import Bank of South Korea, an...

Indonesia’s Pertamina Absorbs Domestic Crude Oil 116.9 MBPOD

JAKARTA (TheInsiderStories)– Indonesian state oil company, PT Pertamina has agreed to purchase 116.9 million barrels oil per day (MBOPD) from 37 production sharing contract...

Pertamina, Saudi Aramco Agrees on Cilacap Refinery Joint Venture

JAKARTA (TheInsiderStories)– Indonesian state energy company, PT Pertamina and Saudi Arabian Oil Co. (Saudi Aramco) have finally agreed on Cilacap' refinery joint venture. The...