By including Russian oil grades to its tender lists for September crude purchases, Indonesian state-owned refiner Pertamina is contemplating a major change in its procurement approach. Pertamina has not acquired Russian oil for more than 10 years, mostly due to geopolitical concerns and market changes, hence this action occurs despite a long break. Historical Context and Current Evolution Data from …

Indonesia – The state-claimed energy organization PT Pertamina (Persero) has said it has been increasing determination to add to the energy blend by driving new and environmentally friendly power (NRE) development in Indonesia. This responsibility can be seen from the organization’s all out capex (capital use) of US$92 billion for the 2020-2024 period, of which 9% will be apportioned for …

On Monday, September 14, in a video of POIN on YouTube channel, Pertamina President Commissioner Basuki Tjahaja Purnama (BTP) or Ahok exposed the disgrace of Pertamina’s management. Ahok opened various problems, ranging from lobbying the Minister up to the issue of directors’ salaries. In the six-minute video, Ahok said that all Pertamina’s Board of Directors lobbied the Minister for a …

As a result of the government’s distancing policy, which among others, requires people to work from home, several business sectors are asking for a relief program from the government, including telecommunications companies. This request to cope with a sharp decline in their revenues due to the social distancing policy imposed since mid-March to halt the spread of COVID-19. Telecommunications providers …

During the coronavirus or COVID-19 pandemic, the Indonesian government advises a work from home policy to most of company in the country, including Pertamina. The state-owned oil and gas company has guaranteed that domestic supplies of fuel and liquefied petroleum gas (LPG) remain secure. The company said its stock of diesel and gasoline, including the highly demanded Pertalite gasoline brand, …

DPP Chairman of the Prosperous Justice Party (PKS) Mardani Ali Sera highlighted the emergence of the name Basuki Tjahaja Purnama alias Ahok in the stock exchange of candidates for the Chairman of the New Capital Authority Agency. Mardani reminded President Joko “Jokowi” Widodo to be wiser in order to avoid the impression that Ahok was Jokowi’s golden child. “Mr. Jokowi …

Minister of State-Owned Enterprises (BUMN), Erick Thohir said that as many as 130 high-ranking SOEs from a total of 140 SOEs did not submit business plans for the next five years. That means only 10 SOEs are carrying out the obligation. As mentioned by Erick in the banking sector there are PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indonesia …