HELDNEWS.com -For more than half a century, Pertamina has met the domestic demand for energy by managing integrated operations in the oil & gas and geothermal energy sector and has constantly strived to improve its operational and financial performance in order to contribute maximally to the Indonesian economy.
Pertamina has entered a new era. Changes in law and legislation have caused a new business pattern to surface with the consequential entrance of competitors into the domestic business sector. Stakeholder expectations are, as such becoming increasingly higher, and the Government expects the company to dish out larger dividends. In addition, as part of good governance, Pertamina is compelled to conduct its business transparently and cleanly. By the same token, the Government is bent on ensuring transparency and professionalism in the business sector.
PERTAMINA’s scope of business incorporates the upstream and downstream sectors. The upstream sector covers oil, gas and geothermal energy exploration and production both domestically and overseas. The foregoing is pursued through own operations and through partnerships in the form of joint operations with JOBs (Joint Operating Bodies), TACs (Technical Assistance Contracts) and JOCs (Joint Operating Contracts), whereas the downstream sector includes processing, marketing, trading and shipping. Commodities produced range from Fuel (BBM) and Non Fuel (Non BBM), LPG, LNG, petrochemicals to Lube Base oil.
With the enactment of the Law of the Republic of Indonesia No. 22 of 2001 on November 23, 2001 relating to Oil and Gas, Law No. 8 of 1971 relating to the State Oil and Gas Mining Company was declared void. In accordance with the provisions of Law No. 22 of 2001, PERTAMINA was transformed into a Public Liability Company (Persero) designated PT. PERTAMINA (PERSERO) under Government Regulation No. 31 of 2003. All existing PERTAMINA provisions including its structural organization, employment guidelines and procedures as well as other matters associated with its duties and responsibilities, unless such matters are in contravention of the said Government Regulation, are declared to continue in force until the Company provides otherwise.
PT PERTAMINA (PERSERO) was established under Notarial Deed of Lanny Janis Ishak, SH No. 20 of September 17, 2003, and ratified by the Minister for Law & Human Rights under Decision No. C-24026 HT.01.01 on October 9, 2003. The above proceeded in accordance with the provisions set forth in Law No. 1 of 1995 relating to Limited Liability Companies, Government Regulation No. 12 of 1998 relating to Public Companies (Persero), and Government Regulation No. 45 of 2001 relating to Amendment to Government Regulation No. 12 of 1998.
Consistent with its deed of establishment, the objective of the PERSERO is to engage in oil and gas exploitation, domestically and overseas, as well as in other exploitation associated with or supporting oil and gas operations.
The objective of the Public Company is to:
1. Exploit profits based on the principle of effective and efficient PERSERO management.
2. Contribute toward improvement of economic conditions for the welfare and prosperity of the people.
In order to achieve the above aims and purposes, the Public Company engages in the following:
Oil and gas exploitation and the processed products and derivatives thereof.
Geothermal energy exploitation existing at the time the PERSERO was established, including Geothermal Power Plants (PLTP) in the final stages of negotiations and which the Perseroan has managed to gain possession of.
Liquified Natural Gas (LNG) exploitation and and other products generated by LNG refineries.
Other exploitation associated with or in support of the undertakings referred to in points above.
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- UI Career Expo & Scholarship year 2011, date February 10 – February 12, 2011 at University of Indonesia (UI) Depok
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Posted by AMportal
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