Pertamina

Indonesia’s ‘state-loss trap’ and why SOE giants may be too scared to sell

The Grab-GoTo merger has reportedly hit an impasse as government-backed Telkomsel resists a sale that could expose it to tough legal consequences

Private retailers in Indonesia were told to import petrol through Pertamina after the government capped their import quota for the year, leading to shortages across their petrol stations.

Shell agrees to buy 100,000 barrels of petrol from Indonesia's Pertamina amid shortage

[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy minister Yuliot Tanjung said on Tuesday (Nov 25), af...

The government has since permitted private retailers to import more fuel via Pertamina to address the shortages.

Indonesia’s Pertamina says fuel retailer Vivo agrees to purchase petrol

[JAKARTA] Indonesia state energy firm Pertamina said that fuel retailer Vivo Energy Indonesia (Vivo) has agreed to buy 40,000 barrels of petrol, out of the 100,000 barrel cargo Pertamina has imported,...

Pertamina’s shipping arm is seeking a separate loan of about US$700 million for the construction of vessels.

Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise

The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds

State oil-and-gas giant Pertamina has faced repeated criticism, including from Indonesia’s parliament, for its inefficiency.

Indonesia’s ‘Gasoline Godfather’ targeted in US$18 billion graft probe

Corruption probes are not new to Indonesia, and Prabowo’s 10-month-old government has already pursued several

CREC's 60-megawatt-peak utility-scale solar photovoltaic power plant in Toledo, Cebu. The company currently has 10 operating utility-scale solar farms.
TOPLINE

Philippine energy giant Citicore Renewable eyes Cambodia, Myanmar after Pertamina deal

A secondary listing in Singapore is ‘an option’, says president and chief executive Oliver Tan 

Pertamina sent a request for proposals to banks for the loan in recent weeks, seeking a tenor of around ten year.

Indonesia’s Pertamina seeks US$700 million loan to build vessels: sources

The loan comes as Indonesian authorities investigate a US$12 billion corruption probe involving the oil giant

Indonesian authorities arrested executives from Pertamina subsidiaries in February on accusations that they pushed refiners to import marked-up crude and oil products from abroad, causing state losses.

Indonesia taps Singapore traders in US$12 billion Pertamina probe

A Pertamina-linked email says trader interviews will take place at Singapore’s CPIB, though no dates are confirmed

The Attorney General’s Office last week arrested five executives at three units of Pertamina on charges of alleged corruption related to oil imports between 2018 and 2023 that caused US$12 billion in state losses.

Indonesia’s Pertamina pledges to improve transparency following corruption allegations

INDONESIA’S state-owned energy company Pertamina on Monday (Mar 3) publicly apologised and pledged to improve the firm’s governance after five executives at its units were arrested over alleged corrup...

Seven suspects, including at least four Pertamina officials, were arrested on Monday.

Indonesia arrests Pertamina officials in US$12 billion graft case

INDONESIA’S attorney general’s office said on Tuesday (Feb 25) that it had arrested several executives from subsidiaries of state-owned energy firm Pertamina for alleged corruption over oil imports th...