JAKARTA - PT Pertamina (Persero) has completed liquidation of two subsidiaries. The two closed subsidiaries are an insurance company and a subsidiary of Petral.
Pertamina's Director of Business Transformation and Sustainability, Agung Wicaksono, explained that the liquidation was carried out as Pertamina's step to streamline corporations.
"We report that in 2025 it has been completed, two company entities that no longer have a strategic contribution have been liquidated," Agung said in a hearing (RDP) with Commission VI of the DPR RI.
He further explained that the two companies that were closed included TRB London. This company is a subsidiary engaged in the insurance sector and closed last February.
"The first is TRB London, a subsidiary that was part of insurance in February," he said.
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The second company that closed was the Private Limited Pertamina Energy Services located in Singapore. Just so you know, this company is a subsidiary of Petral.
"Pertamina Energy Services Private Limited, which is based in Singapore and is a former subsidiary of Petral whose liquidation was completed in July 2025 as part of the transformation and reform stages of sustainable governance," explained Agus.
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