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Company Profile
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Company Profile
PERTAMINA is a State Owned oil & gas company (National Oil Company), established on December 10, 1957 under the name PT PERMINA. In 1961 the company changed its name to PN PERMINA and after the merger with PN PERTAMIN in 1968 it became PN PERTAMINA. With the enactment of Law 8 of 1971 the company became PERTAMINA. This name persisted until after PERTAMINA changed its legal status to PT PERTAMINA (PERSERO) on October 9, 2003.
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Opportunities within Pertamina are extremely wide because we operate such a diverse set of businesses: Exploration & Production, Refining, Distribution to Marketing of products, and geothermal.
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Company Profile
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Our Business
PERTAMINA in conducting business activities in the field of energy and petrochemicals, was divided into two sectors, namely upstream and downstream, and supported by the activities of Children's Subsidiaries and Joint Ventures
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Upstream
The business activities of the Pertamina Upstream Directorate cover exploration, production, and transmission of oil and gas. Other activities are Coal Bed Methane (CBM) and geothermal operations.
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Downstream
Pertamina Downstream activities comprises of:
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Saudi Aramco Asia Company Limited, PT Pertamina Sign MOU for Integrated Project
18 Februari 2012 
20:18 WIB
20:18 WIBDHAHRAN/JAKARTA, February
18, 2012 - Saudi Aramco Asia Company Limited (SAAC), a subsidiary of
Saudi Aramco, and PT Pertamina (Persero) signed a Memorandum of
Understanding to jointly evaluate the economic feasibility to build an
integrated refining and petrochemical
project in Tuban in East Java, in the Republic of Indonesia.
The proposed refinery and petrochemicals project will be designed to process 300,000 barrels per day of crude oil, much of which will be supplied by Saudi Aramco pursuant to a long-term contract, and will produce high-quality refined petroleum and petrochemicals products to meet rising demand in Indonesia and elsewhere in southeast Asia.
The project represents an opportunity for Saudi Aramco to partner with Pertamina, Indonesia's state oil and gas company, and to capitalize on investment opportunities in Indonesia's growing downstream industry. Additionally, it extends the close cooperation between Saudi Aramco and Pertamina and increases prospects for industrialization and economic diversification in Indonesia.
"This MOU is a significant first step in extending our already strong relationship with Pertamina, and is also part of Saudi Aramco's strategy to enhance its global downstream presence," said Dawood M. Dawood, Saudi Aramco's Vice President of Marketing, Supply and Joint Venture Coordination. "Saudi Aramco is committed to making win-win investments with partners for projects that yield mutual benefits and contribute to economic growth and development."
"This cooperation in investment with Saudi Aramco is of the highest value for both Pertamina and the Republic of Indonesia in order to strengthen the fuel and petrochemical supply to satisfy the huge domestic demand now and for the future," said M. Afdal Bahaudin, Pertamina's Director for Investment Planning and Risk Management. "Pertamina fully supports our partner to make a successful project that is beneficial to both parties and that further strengthens our cooperation with Saudi Aramco. The Tuban refinery and petrochemicals project is part of Pertamina's plan to improve Indonesia's energy security."
Following the signing of the Memorandum of Understanding, a project team will work on the next phase of the project, which will consist of a joint scoping study that will include market research, configuration studies and economic analysis.
About Saudi Aramco Asia Company Limited (SAAC)
Saudi Aramco Asia Company Limited (SAAC) is a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco). SAAC provides a wide range of business and support services for various Saudi Aramco business operations in the Asian region.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully-integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, petrochemicals manufacturing, distribution, shipping and marketing. The company manages proven conventional reserves of 260 billion barrels of oil, the largest of any company in the world, and manages the fourth-largest gas reserves in the world. In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, the Netherlands, the Republic of Korea, Singapore, Malaysia, the United Arab Emirates, the United Kingdom and the United States. For more information about Saudi Aramco, please visit www.saudiaramco.com.
About PT Pertamina
Pertamina is Indonesia's state-owned integrated oil and gas company. We are committed to an ongoing process of transformation and continuous improvement that will lead to our achieving global standards of operational, environmental, and corporate performance. As a national oil company, we are committed to balancing profitable performance with our public service mandate. Pertamina has 54 years of experience in the challenging geological environment of Indonesia, were pioneers in the development of Liquefied Natural Gas (LNG) and now have operations in six countries.
Our businesses include the exploration and production of oil and gas; the refining, manufacturing and marketing of oil products and petrochemicals; and the development of biofuels, geothermal power and other sustainable alternative energy sources.
Pertamina has operations and facilities throughout Indonesia. Pertamina's employees serve the energy needs of over 240 million Indonesians.
The proposed refinery and petrochemicals project will be designed to process 300,000 barrels per day of crude oil, much of which will be supplied by Saudi Aramco pursuant to a long-term contract, and will produce high-quality refined petroleum and petrochemicals products to meet rising demand in Indonesia and elsewhere in southeast Asia.
The project represents an opportunity for Saudi Aramco to partner with Pertamina, Indonesia's state oil and gas company, and to capitalize on investment opportunities in Indonesia's growing downstream industry. Additionally, it extends the close cooperation between Saudi Aramco and Pertamina and increases prospects for industrialization and economic diversification in Indonesia.
"This MOU is a significant first step in extending our already strong relationship with Pertamina, and is also part of Saudi Aramco's strategy to enhance its global downstream presence," said Dawood M. Dawood, Saudi Aramco's Vice President of Marketing, Supply and Joint Venture Coordination. "Saudi Aramco is committed to making win-win investments with partners for projects that yield mutual benefits and contribute to economic growth and development."
"This cooperation in investment with Saudi Aramco is of the highest value for both Pertamina and the Republic of Indonesia in order to strengthen the fuel and petrochemical supply to satisfy the huge domestic demand now and for the future," said M. Afdal Bahaudin, Pertamina's Director for Investment Planning and Risk Management. "Pertamina fully supports our partner to make a successful project that is beneficial to both parties and that further strengthens our cooperation with Saudi Aramco. The Tuban refinery and petrochemicals project is part of Pertamina's plan to improve Indonesia's energy security."
Following the signing of the Memorandum of Understanding, a project team will work on the next phase of the project, which will consist of a joint scoping study that will include market research, configuration studies and economic analysis.
About Saudi Aramco Asia Company Limited (SAAC)
Saudi Aramco Asia Company Limited (SAAC) is a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco). SAAC provides a wide range of business and support services for various Saudi Aramco business operations in the Asian region.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully-integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, petrochemicals manufacturing, distribution, shipping and marketing. The company manages proven conventional reserves of 260 billion barrels of oil, the largest of any company in the world, and manages the fourth-largest gas reserves in the world. In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, the Netherlands, the Republic of Korea, Singapore, Malaysia, the United Arab Emirates, the United Kingdom and the United States. For more information about Saudi Aramco, please visit www.saudiaramco.com.
About PT Pertamina
Pertamina is Indonesia's state-owned integrated oil and gas company. We are committed to an ongoing process of transformation and continuous improvement that will lead to our achieving global standards of operational, environmental, and corporate performance. As a national oil company, we are committed to balancing profitable performance with our public service mandate. Pertamina has 54 years of experience in the challenging geological environment of Indonesia, were pioneers in the development of Liquefied Natural Gas (LNG) and now have operations in six countries.
Our businesses include the exploration and production of oil and gas; the refining, manufacturing and marketing of oil products and petrochemicals; and the development of biofuels, geothermal power and other sustainable alternative energy sources.
Pertamina has operations and facilities throughout Indonesia. Pertamina's employees serve the energy needs of over 240 million Indonesians.