Pertamina Boss Targets The Merge Of Three Subsidiaries To Be Completed Before December
JAKARTA - President Director of PT Pertamina (Persero) Simon Aloysius Mantiri revealed the latest news regarding the plan to merge three of its subsidiaries. The three usha children that will be merged are PT Pertamina Patra Niaga (PPN), PT Kilang Pertamina Internasional (KPI) and PT Pertamina International Shipping (PIS).
Simon said that the merger of the three is targeted to be completed before December 2025.
"Indeed, we are targeting that before the end of December 2025 we will restructure it, it's already running," said Simon, Tuesday, October 7.
He added that currently his party is still coordinating with the Anagata Nusantara Power Investment Management Agency (BPI Danantara).
"The process is still ongoing, so we certainly ask for directions and report it to Danantara," added Simon.
Simon previously expressed the plan to merge the three subsidiaries in a Hearing Meeting with Commission VI of the DPR RI.
"We will carry out downstream integration, namely the merger of operations between PT Pertamina Patra Niaga, Pertamina International Refinery and also Pertamina International Shipping which we are targeting will be completed by the end of 2025," said Simon.
Related to this, Simon revealed that in the future the Company will focus more on the core business, namely in the oil and gas (oil and gas) sector and renewable energy. Thus, a number of business units outside the main business will be separated or the spin off of the Company.
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Danantara Indonesia's Chief Operating Officer (COO) Dony Oskaria previously said that his party plans to streamline the number of SOEs and their subsidiaries, from a total of more than 800 to around 200 companies.
According to Dony at that time, this was an effort so that state-owned companies would only focus on their respective business (core business). Pertamina, which has core business on oil and gas, for example, also has hospital businesses to travel agents.
If state-owned companies return to their core business, Dony thinks the company will be healthier and stronger.