COMPANY IN BRIEF 202

COMPANY
PROFILE

Create By Group Six (6) :

1. Rafli Dwi Putra
2. Syeila NurShalehah
3. Waliyyu Muhammad Raafi

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 History

PT Pertamina (Persero) has spent six decades in the energy industry. This
commitment is proven by providing higher quality products to meet the needs of
consumers for superior products. Now is the time, Pertamina solidifies its steps,
facing challenges that stretch with optimism to create sustainable business growth
through investment and business optimization in order to continue to grow in line
with the expectations of all stakeholders.

Pertamina is a State-Owned Enterprise that has changed its form to become

PT. Persero engaged in the field of energy, petrochemicals and other businesses that
support Pertamina's business, both at home and abroad, which are oriented to market
mechanisms.

Paid in capital PT. Pertamina (Persero): PT. Pertamina (Persero) is a BUMN

that is 100% owned by the State. Paid Capital (State Investment / PMN) PT.
Pertamina (Persero) at the time of establishment was Rp. 100 trillion.

Value of Rp. The 100 trillion was obtained from: "All State Assets that have
been embedded in Pertamina, which includes Pertamina Assets and all Subsidiaries,
including Fixed Assets that have been revalued by Independent Appraisal Companies,
reduced by all Pertamina Liabilities (Debt)".

Pertamina's milestone begins around the 1950s, the Government of the

Republic of Indonesia appointed the Army which later established the PT Sumatra
Oil Mining Exploitation to manage oil fields in the Sumatra region. On December 10,
1957, the company changed its name to PT National Oil Company, abbreviated
PERMINA. This date is celebrated as the birth of Pertamina to the present. In 1960,
PT Permina changed its status to Permina State Company (PN). Then, PN Permina
joined PN Pertamin to become the State Oil and Gas Mining Corporation (Pertamina)
on August 20, 1968.

Furthermore, the government regulates Pertamina's role in producing and

processing oil and gas from oil fields and providing fuel and gas needs in Indonesia
through Law No.8 of 1971. Then through Law No.22 of 2001, the government
changes Pertamina's position so that the Public Service Obligation ( PSO) is carried
out through business activities.

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Based on PP No.31 of 2003 dated June 18, 2003, the State Oil and Gas
Mining Company changed its name to PT Pertamina (Persero) which carries out oil
and gas business activities in the Upstream to Downstream Sectors. PT Pertamina
(Persero) was established on September 17, 2003 based on Notarial Deed No.20 of
2003. On December 10, 2005, Pertamina changed the seahorse into arrows with
green, blue and red basic colors that reflected dynamic elements and environmental
concerns.

PT Pertamina (Persero) underwent a fundamental transformation and the

Company's business on July 20, 2006. PT Pertamina (Persero) changed the
Company's vision of "becoming a world-class national oil company"

Pertamina, through its subsidiary PT Pertamina International EP, acquired

shares of the French oil and gas company Maurel et Prom (M&P) with a 72.65%
stake.on December 10, 2007. Then in 2011, Pertamina perfected its vision, namely
"becoming a world-class national energy company". Through the EGMS on July 19,
2012, Pertamina increased its issued / paid up capital and expanded the Company's
business activities.

On December 14, 2015, the SOE Minister as a GMS approved changes to

Pertamina's Articles of Association in terms of optimizing the use of resources,
increasing the capital placed and taken by the state as well as the actions of the
Directors requiring written approval from the Board of Commissioners. This change
was stated in Deed No.10 dated 11 January 2016, Notary Lenny Janis Ishak, SH.

In 2017, one concrete step towards realizing the vision of becoming a world-
class national energy company is the success of completing the acquisition of shares
of the French oil and gas company Maurel et Prom (M&P). Starting from February 1,
2017 through a subsidiary of PT Pertamina International EP, Pertamina is the
majority shareholder of M&P with 72.65% shares. Through majority ownership in
M&P, Pertamina has access to operations in 12 countries spread across 4 continents.
In the future, Pertamina targets the production of 650 thousand BOEPD (Barrels of
Oil Equivalents Per Day) in 2025 from international operations, as part of Pertamina's
production target of 1.9 million BOEPD in 2025, in a concrete effort towards
Indonesia's energy security and independence.

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 President Directors

During the 1970s, until 1976, the president director of Pertamina was Ibnu Sutowo, a
well-known figure in Indonesia. Since then, there have been a number of president
directors. Recent president directors have included the following:

No Name Begin End

1 Soegijanto 1996 1998

2 Martiono Hadianto 1998 2000

3 Baihaki Hakim 2000 2003

4 Ariffi Nawawi 2003 2004

5 Widya Purnama 2004 2006

6 Ari Hernanto Soemarno 2006 2009

7 Karen Agustiawan 2009 2014

8 Dwi Soetjipto 2014 2017

9 Elia Massa Manik 2017 2018

10 Nicke Widyawati 2018 present

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Soegijanto (1996 to 1998).
Martiono Hadianto (1998–2000). Before his appointment as president director of
Pertamina, Martiono was briefly Finance Director of the state-owned airline
company Garuda Indonesia[17]
Baihaki Hakim (2000–2003). Baihaki was formerly president of Chevron
Texaco's subsidiary in Indonesia PT Caltex Pacific Indonesia. He was appointed as
president director of Pertamina by president Abdurrahman Wahid in 2000.
Subsequent to his resignation in 2003, there was controversy surrounding decisions
taken in Pertamina during his period as president director concerning the purchase
of giant tankers for the transport of oil.[18]
Ariffi Nawawi (2003–2004).
Widya Purnama (2004–2006). Widya Purnama was appointed from outside of the
energy sector, formerly having been president (since 2002) of the Indonesian
telecommunications company PT Indosat.
Ari Hernanto Soemarno (2006 – 2009).
Karen Agustiawan (2009–2014). In February 2009 it was announced that Karen
Agustiawan would become president director of Pertamina for a five-year term.
[19]
 Her appointment was extended in 2013.[20] She resigned for unannounced reasons
in August 2014. It was said at the time that she had plans to teach in Harvard
University in the United States.[21]
Dwi Soetjipto. In November 2014, the new president of Indonesia Joko
Widodo announced a major reorganisation of the board of Pertamina as part of a
series of reform measures for the energy sector. A new president director, Dwi
Soetjipto, was appointed along with a number of new members to the board. The
appointment of Dwi Soetjipto, previously president director of the major state-owned
cement firm PT Semen Indonesia, attracted media attention because unlike most
previous president directors of Pertamina, he had little previous experience in the oil
sector.[22]
Elia Massa Manik. In March 2017, after Soetjipto was dismissed due to leadership
issues, the Board appointed Manik who had served as president director of Elnusa, a
Pertamina subsidiary, from 2011 to 2014. He then spent a period as the CEO of PT
Perkebunan Nusantara (PTPN) III, the holding company of 14 state-owned
agriculture firms.[23]
Nicke Widyawati. In late August 2018, it was announced that president Jokowi had
decided that Nicke Widyawati, who had been acting president director since March,
would be confirmed in the position of head of Pertamina. The decision was
announced at a press conference in the Ministry for State-Owned Enterprises on 29
August.[24]

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 Products
Fuel (BBM)
Fuel Products:

 Kerosene
 HSD (High Speed Diesel)
 MDF (Marine Diesel Fuel)
 MFO (Marine Fuel Oil)
 Motor Gasoline (Such As : Premium 88 and Solar)
Non-Fuel (Non-BBM)
Non Fuel Products :

 Asphalt
 Calcined Coke
 Green Coke
 Heavy Aromate
 Paraffin Wax
 Pelarut (Solvent)
 Pelumas (Lube Base Oil)
 Slack Wax
Special Fuel
Special Fuel products :

 Aviation Gasoline
 Aviation Turbine Fuel
 Bio Solar
 Pertalite (RON 90)
 Bio Pertamax (RON 92 + E5)
 Pertamax (RON 92)
 Pertamax Plus (RON 95)
 Pertamax Turbo (RON 98)[42]
 Pertamax Racing (RON 100)
 Pertamina Dex (Diesel)
 Dexlite

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Special Fuel
Special Fuel products :

 Aviation Gasoline
 Aviation Turbine Fuel
 Bio Solar
 Pertalite (RON 90)
 Bio Pertamax (RON 92 + E5)
 Pertamax (RON 92)
 Pertamax Plus (RON 95)
 Pertamax Turbo (RON 98)[42]
 Pertamax Racing (RON 100)
 Pertamina Dex (Diesel)
 Dexlite

Gas
Gas products include

 LPG (Liquefied Petroleum Gas)

 Gas Fuel (BBG)
 Musicool (Substitute refrigerant for CFC, with low pollution and
environmentally friendly)

Petrochemical

 PolyPropylene

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 Facilities

Refineries[
Pertamina gas station in Indonesia
Pertamina has not built any new refineries since the Balongan refinery was opened in
West Java in the mid-1990s.[25]
PTT Public Company Limited and Pertamina signed into partnership to build a new
petrochemical complex in Indonesia for an estimated cost of US $4 to 5 billion.[26]
Currently (2013) Pertamina owns six oil refineries which have a total combined
capacity of around 1 million barrels (160 thousand cubic metres) of oil per day:[27]

Re
Ca Ca
fin
pac pac
ery Pro
N ity  ity 
Un Unit vinc
o (103 (10
it e 3m3
bbl/ /
(R
d) d)
U)

RU Duma 20.
1 Riau 127
II i 2

Sout
Plaju
RU h 20.
2 (Musi 127
III Sum 2
)
atra

Cent
RU Cilac 55.
3 ral 348
IV ap 3
Java

4 RU Balik East 260 41

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Kali
V papan man
tan

Wes
RU Balon 19.
5 t 125
VI gan 9
Java

Wes
Kasi
RU t
6 m/Sor 10 1.6
VII Pap
ong
ua

1
Total 997 5
9

Source:Indonesian Ministry of Energy and Resources, 2012 Handbook of Energy and

Economic Statistics of Indonesia.

(Note. By world standards, none of Indonesia's refineries are large. The world's
largest refinery, at Jamnagar in India, has a production capacity of over 1,200,000
barrels (190,000 cubic metres) per day. As a rule of thumb, refineries need to produce
at least 200,000 bbl (32,000 m3) per day to reach reasonable international standards of
efficiency.)[28]
There are several other refineries in Indonesia which Pertamina has responsibilities
for:

Other Refineries in Indonesia

Capacity Capacity 
No Unit Province
(10  bbl/d) (103 m3/d)
3

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1 Sungei Pakning Riau 50 7.9

2 Pangkalan Brandan North Sumatra 5 0.79

3 Cepu Central Java 4 0.64

4 Tuban (TPPI)[29] East Java 100 16

Source:Indonesian Ministry of Energy and Resources, 2012

Handbook of Energy and Economic Statistics of Indonesia.
In addition to the refineries which Pertamina owns, Pertamina has
invested in two operating companies which manage output from LNG plants.

 PT Badak LNG operates a plant in Bontang, East Kalimantan, with 8 trains

having a total capacity of 22.5 million tons per annum.
 PT Donggi Senoro LNG in Uso Village, Batui Subdistrict, Banggai Regency,
Central Sulawesi Province, with 1 train with a capacity of 2 million tons per
annu.[30]
Pertamina also invested in the PT Arun 6 LNG trains near Lhokseumawe, Aceh,
which had a total capacity of 12.5 million tons per annum. They closed down due to
lack of feed gas in 2014, and now Arun is used an LNG import terminal.[31]
During 2012 and early 2013, it was announced several times that there were plans to
build two more large fuel refineries, each with a capacity of around 300,000 barrels
(48,000 cubic metres) per day, perhaps in Balongan, West Java (or, alternatively, in
Bontang, East Kalimantan) and in Tuban, East Java. The first facility was planned to
be built by Pertamina in partnership with Kuwait Petroleum, while the second was
expected be built by Pertamina in co-operation with Saudi Aramco. Total investment
was expected to be around $20 billion. [32] One main problem holding up agreement to
build the refineries was the issue of financial concessions to be provided for the
foreign investors.[33] Eventually, in September 2013 it was announced that the plans
for the first refinery had been cancelled. At the same time, the government said that
there were plans for yet a different refinery project which would be constructed solely
by Pertamina and funded by the state. The crude oil for this alternative project was
expected to be supplied from Iraq.[34] Pending further progress on these large
investment plans, Pertamina has announced (late 2014) plans to upgrade the existing

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refineries so as to add around 500,000 bbl (79,000 m3) per day to Pertamina's current

refining capacity of around 1 million bbl (160 thousand m3) per day.[35]
Pertamina also has two gas reserves and a petrochemical company. Pertamina's
products include a great variety of fuels, chemicals, additives, and retail products.
Petrol pumps
Pertamina is the largest distribution network of petroleum products (gas stations, etc.)
in Indonesia.[citation needed]
Bright Convenience Store
Along with the gas stations, Pertamina also has a convenience store chain, integrated
with their gas stations. The development of Bright convenience stores and cafes is
self-governed by PT Pertamina Retail.

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