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View all search resultspertamina
Academia 2 months 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 3 months 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 3 months 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 3 months 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 3 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.
Regulations 4 months ago
PREMIUM
Govt targets full ban on private diesel imports in 2026
The energy minister has reinforced a plan to gradually reduce diesel imports over the first two months of 2026 toward a full ban in March, pointing to sufficient domestic supply and a potential for combining increased local output with hiking the national biodiesel program to 50 percent.
Economy 4 months ago
PREMIUM
Govt mandates private fuel stations to buy diesel from Pertamina
Starting April 2026, the government will not roll out diesel fuel import allocations for private companies, as it anticipates a surplus of approximately 4 million kiloliters of the fuel driven by the upgraded Pertamina refinery and B50 biodiesel policy.
Opinion 4 months ago
PREMIUM
Analysis: Energy subsidy reform set in motion as govt eyes budget efficiency
The administration of Prabowo Subianto is reforming the disbursement of fuel and electricity subsidies to improve state budget efficiency. These subsidies have long been criticized for disproportionately benefiting upper-middle-class households, who consume more energy, rather than the poor and vulnerable groups they are intended to support. As a result, the government now aims to better target subsidy distribution and reduce its long-standing fiscal burden. The urgency to optimize subsidy spending has also grown amid rising expenditures for several major government programs.
