Pertamina

From Wikipedia, the free encyclopedia

You have new messages (last change).
PERTAMINA
Image:Logo_pertamina.gif
Type Public
Founded 10 December 1957
Headquarters Central Jakarta, Indonesia
Key people Ari Hernanto Soemarno
Industry Oil and Gas
Website www.pertamina.com

Pertamina (Perusahaan Tambang Minyak Negara, lit. 'State Oil Company') is an Indonesian government-owned corporation which runs the country oil & gas reserves.

[edit] History

Article 33 of National Act 1945 emphasizes that "Land, water and their containing natural resources are possessed by the state and are used for people's utmost wellbeing". Based on this Article, the privilege to manage oil industry is in the government's hand.

In 1960, the Congress stated a policy that oil and ground gases mining are only permitted for the state, through a state company. The involvement of foreign party was bonded by contract since then. Afterward, an agreement between the state and foreign companies was affirmed that gradually, oil refinement manufactures and other assets in marketing and distribution are vended to Indonesia throughout 5 - 15 years.

To accommodate the agreement, two national companies were established at that time. Pertamin was responsible for the administration, management and controlling of the exploration and production.

Meanwhile, Permina conducted the oil distribution's process for the entire nation. Permina founded Apprentice Technique School (Sekolah Kader Teknik) in Brandan to fulfill the needs of experts on oil's area. Permina also established Oil Academy in Bandung at 1962. Oil Academy's curriculum consists of several aspects in oil industry, and the graduates turned into the main forces in Pertamin (which later transformed to Pertamina).

In 1968, to consolidate oil and gas industry for its management, exploration, marketing and distribution, Permina and Pertamin merged and became PN. Pertamina.

Pertamina has legally transformed to be PT. Pertamina (Persero) since September 17, 2003 by the enactment of Government Regulation No.31/2003. Pertamina is now under the coordinator of the State Minister of State-owned Enterprises.

Like other contractors, as a business player Pertamina also holds Cooperation Contract to Oil and Gas Regulatory Body. Due to the transformation to be a limited liability company, Pertamina becomes a pure business entity which is more profit oriented.

[edit] Product

Currently Pertamina owns 7 oil refineries which have a capacity of 1,041.2 thousand barrels, 2 gas reserves with a capacity of 31 tons per year, and a petrochemical company.

Pertamina's products include:

[edit] External links

Retrieved from "http://en.wikipedia.org../../../p/e/r/Pertamina.html"
In other languages