BP BUMN Signals Pertamina Patra Niaga to Lead the Merger of KPI, PIS, and PPN

JAKARTA - The State-Owned Enterprise Regulatory Agency (BP BUMN) has given a signal that PT Pertamina Patra Niaga will lead the merger of three subsidiaries of PT Pertamina (Persero), namely PT Kilang Pertamina Internasional (KPI), PT Pertamina International Shipping (PIS), and PT Pertamina Patra Niaga (PPN).

Deputy Head of BP BUMN Aminuddin Ma'ruf said the merger plan is still ongoing and in the process of study. However, Patra Niaga is considered the most likely to be appointed as the parent company of Pertamina's downstream business management.

"(The merger of three Pertamina subsidiaries) is also being studied. It seems so (Pertamina Patra Niaga as the parent)," said Aminuddin when met in Jakarta, written Tuesday, December 30.

At the end of November, PT Pertamina (Persero) ensured that the business integration process of its three subsidiaries, the integration of the Commercial & Trading Subholding, Refinery & Petrochemical, and Integrated Marine Logistics would be carried out gradually.

Director of Business Transformation and Sustainability of Pertamina, Agung Wicaksono, said the smelting of these three subsidiaries was designed to increase the efficiency of the downstream business end-to-end, accelerate decision-making, and strengthen product competitiveness.

"We believe that this integration will also strengthen the national energy supply chain," Agung said in a statement to the media, Wednesday, November 26.

He explained, this process will be carried out gradually and is still waiting for approval from stakeholders.

"All stages are still awaiting the approval of stakeholders. We ensure that the process is carried out carefully and in accordance with the principles of governance," continued Agung.

Previously, the President Director of PT Pertamina (Persero), Simon Aloysius Mantiri, targeted that the merger of three Pertamina subsidiaries would be completed on January 1, 2026.

"We are trying to catch up, hopefully by January 1, 2026 it will be implemented (merger) like that," Simon told the media when met at the Energy and Mineral Resources Ministry (ESDM) Building, Monday, November 10.

According to Simon, the merger process of these three subsidiaries has entered the finalization stage and will be reported to the Anagata Nusantara Power Investment Management Agency (Danantara) to obtain approval.

"We will report to Danantara," continued Simon.

Simon explained that the merger of PIS, KPI and Pertamna Patra Niaga is intended to ensure that Pertamina continues to improve the company's performance amid domestic and global economic challenges.

"Global conditions also have many challenges," he explained.