Expanding Expansion, Pertamina Signs MoU With Guma Africa Group

Previously, on Wednesday, September 27, Deputy Minister of BUMN Kartika Wirjoatmodjo together with Pertamina President Director Nicke Widyawati, reviewed the Balikpapan RDMP project, which is the largest project in Pertamina's history. (Doc. Pertamina)

PT Pertamina (Persero) signed a Memorandum of Understanding (MoU) with Guma Africa Group Limited for strategic alliances of potential projects in upstream to downstream oil and gas businesses in Africa.

The signing was carried out by the Director of Strategy, Portfolio, and Business Development of Pertamina A. Salyadi Saputra and Executive Chairman of Guma Africa Group Limited Robert Gumede, witnessed by Pertamina President Director Nicke Widyawati.

Nicke Widyawati said this signing strengthens collaboration between Indonesia and Africa, which previously an agreement had been made between the government or Government-to-Government (G to G), during the visit of Indonesian President Joko Widodo and several Ministers of the Advanced Indonesia Cabinet to several countries in Africa in August 2023.

Nicke added, through this signing, both parties were able to maximize opportunities for both countries, to achieve economic growth and energy resilience both in Indonesia and in Africa.

"It is a common hope that this collaboration can bring benefits to all parties, especially for Pertamina and Indonesia. Because we have the spirit of 'bringing the barrels home', meaning that Pertamina's expansion abroad must bring benefits to Indonesia," added Nicke.

Meanwhile, Guma Africa Group Limited Executive Chairman Robert Gumede revealed that signing is a good momentum. Pertamina will assist Africa in terms of exploration, processing and importing natural resource products, with the principle of cost efficiency and efficiency.

"What Pertamina has taught, we will do it in African countries where we also have new sources of oil and gas and renewable energy. We are very happy with this collaboration because it is a mutually beneficial collaboration," said Gumede.

For information, Pertamina's MoU with GUMA added to Pertamina's international work, especially in Africa. During Pertamina's previous visit to Africa, together with President Joko Widodo's visit, Pertamina has initiated cooperation with several business partners in Africa for upstream to downstream oil and gas development, including new renewable energy such as geothermal.

Pertamina's total investment potential in the cooperation is estimated at US$2.6 billion or around Rp. 40 trillion. These collaborations will be carried out in Kenya, Tanzania, Mozambique, and South Africa.