Pertamina’s New ‘Big Ship’ Journey & Subholding IPO Signal

Bisnis.com, JAKARTA – The transformation of business administration within PT Pertamina (Persero) has entered a new phase. The holding of the state-owned oil and gas (oil and gas) company announced that it has completed a formal legal split of the business into six major groups (subholding).

The establishment of a new ecosystem in Pertamina’s business was marked by the signing of the legal end-state in early September 2021. The business opportunity was then announced in a ceremony announced today, Friday (10/9/2021).

With this decision, Pertamina is divided into six large business groups which include upstream subholding led by PT Pertamina Hulu Energi (PHE).

Furthermore, refining & petrochemical subholding is carried out by PT Refinery Pertamina Internasional. For commercial & trading, the subholding acting as controller is PT Patra Niaga.

PT Perusahaan Gas Negara Tbk. (PGAS) has been appointed as the gas subholding leader. Meanwhile, the power & NRE subholding is carried out by PT Pertamina Power Indonesia. Finally, the integrated marine logistics subholding which serves the other five subholdings is carried out through PT Pertamina International Shipping (PIS).

.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.