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View all search resultspertamina
Politics 1 month ago
PREMIUM
Riza Chalid’s son faces 18 years in Pertamina graft case
Muhammad Kerry Adrianto Riza, son of oil tycoon Riza Chalid, allegedly enriched himself and other parties as beneficial owner of a fuel terminal company, from a terminal lease contract with Pertamina that violated the state energy company’s standards.
Companies 1 month ago
PREMIUM
Pertamina to spin off airlines, hospitals, non-oil units this year
Divested assets include hospital groups currently managed by Indonesia Healthcare Corporation (IHC), as well as aviation subsidiary Pelita Air, which is set to be merged with national flag carrier Garuda Indonesia.
Academia 1 month ago
PREMIUM
Addressing the 4Is of good corporate governance (Part 2)
As trillions in state funds remain unrecovered, Indonesia’s path to sustainable growth hinges on moving beyond 'business as usual' toward a rigorous, mandatory framework of institutional control and proactive intervention
Companies 1 month ago
PREMIUM
Pertamina merges fuel, refining and shipping units to ‘improve efficiency’
Plans to merge Pertamina’s downstream subsidiaries have been in the works since early last year, after a corruption scandal over the alleged sale of lower-grade imported fuel as higher-octane products.
Economy 1 month ago
PREMIUM
Indonesia imports Russian oil in December and January, data shows
The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
Politics 1 month ago
PREMIUM
Investigators close in on oil tycoon Riza Chalid after Interpol red notice
Investigators are closing in on oil tycoon Riza Chalid following Interpol’s red notice issue for the arrest of one of Indonesia’s biggest oil magnates, marking an escalation in the high-profile corruption probe.
Economy 2 months ago
PREMIUM
Prabowo launches $7.4b revamped Balikpapan refinery
The long-awaited Balikpapan refinery upgrade, beset by multiple delays since the project broke ground in 2018, came onstream on Monday in a ceremony led by the President, with the energy ministry hailing the integrated facility's potential to significantly reduce fuel imports.
