PERTAMINA
Type	Public
Founded	10 December 1957
Headquarters	Central Jakarta, Indonesia
Key people	Ari Hernanto Soemarno
Industry	Oil and Gas
Website	www.pertamina.com

Pertamina (Perusahaan Tambang Minyak Negara, lit. 'State Oil Company') is an Indonesian government-owned corporation which runs the country oil & gas reserves. It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957). Image File history File links Logo_pertamina. ... A public company is a company owned by the public rather than by relatively few individuals. ... Central Jakarta (Jakarta Pusat) is a kota (formerly kotamadya) of Jakarta, Indonesia. ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... Corporate redirects here. ...

History

Before the merge

Article 33 of National Act 1945 emphasizes that "Land, water and their containing natural resources are possessed by the state and are used for people's utmost wellbeing". Based on this Article, the privilege to manage oil industry is in the government's hand.

On December 10, 1957, Permina was founded, with Col. Ibnu Sutowo, at the helm. Ibnu Sutowo's position as the second deputy of Abdul Haris Nasution was a move towards army control in the oil industry.^[1] Permina conducted the oil distribution's process for the entire nation. Permina founded Apprentice Technique School (Sekolah Kader Teknik) in Brandan to fulfill the needs of experts on oil's area. Permina also established Oil Academy in Bandung at 1962. Oil Academy's curriculum consists of several aspects in oil industry, and the graduates turned into the main forces in Pertamin (which later transformed to Pertamina). Pertamin, established in 1961, was responsible for the administration, management and controlling of the exploration and production. December 10 is the 344th day (345th in leap years) of the year in the Gregorian calendar, 21 days before the next year. ... Year 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... Abdul Haris Nasution Abdul Haris Nasution (born Kotanopan 3 December 1918 - died Jakarta 5 September 2000) is an Indonesian general who escaped an assassination attempt during the military coup in 1965. ... This article is about Saint Brendan of Clonfert. ... Nickname: Kota Kembang (City of Flowers) Motto: Bermartabat (dignity) Location of Bandung in Indonesia Coordinates: Province West Java Country Indonesia  - Mayor Dada Rosada Area    - City 167. ...

In 1960, the Congress stated a policy that oil and ground gases mining are only permitted for the state, through a state company. The involvement of foreign party was bonded by contract since then. Afterward, an agreement between the state and foreign companies was affirmed that gradually, oil refinement manufactures and other assets in marketing and distribution are vended to Indonesia throughout 5 - 15 years. The word selectivity has more meanings: Selectivity, the ability to notice/distinguish small diferences. ...

In 1968, to consolidate oil and gas industry for its management, exploration, marketing and distribution, Permina and Pertamin merged and became PN. Pertamina. It continued to do little drilling itself, but made production-sharing agreements with foreign companies.

After the merge

After the merge, Pertamina's production rose considerably (about 15% each in 1968 and 1969, and nearly 20% in 1973).^[2] It went on to become one of the largest corporations in the world. By the end of 1973, it directly produced 28.2% of Indonesia's oil, with agreements of Caltrex and Stanvac to produce the rest (67.8% and 3.6%, respectively). Its assets included seven refineries, oil terminals, 116 tankers, 102 other vessels and an airline. It was also active in cement, fertilizer, liquid natural gas, steel, hospitals, real estate, a rice estate, and telecommunications. It had built the Bina Graha, the presidential executive office building in Jakarta.^[3] View of Shell Oil Refinery in Martinez, California. ... Flottas refinary was constructed during the 1970s to receive and process oil and Gas from the Piper Oilfield in the North Sea. ... A tanker is usually a vehicle carrying large amounts of liquid fuel. ... In the most general sense of the word, cement is a binder, a substance which sets and hardens independently, and can bind other materials together. ... spreading manure, an organic fertilizer Fertilizers (British English fertilisers) are compounds given to plants to promote growth; they are usually applied either via the soil, for uptake by plant roots, or by foliar feeding, for uptake through leaves. ... Liquefied natural gas or LNG is natural gas that has been condensed into a liquid and is stored in tanks. ... The old steel cable of a colliery winding tower Steel is an alloy whose major component is iron, with carbon content between 0. ... A physician visiting the sick in a hospital. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Species Oryza glaberrima Oryza sativa Rice is two species of grass (Oryza sativa and Oryza glaberrima) native to tropical and subtropical southern & southeastern Asia and in Africa. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Jakarta (also Djakarta or DKI Jakarta), formerly known as Sunda Kelapa, Jayakarta and Batavia is the capital and largest city of Indonesia. ...

In 1973, the government tightened its ability to borrow money from overseas, and in February 1975, Pertamina was in a position of not being able to pay its American and Canadian creditors. An investigation followed, which revealed high levels of debt (over US$10 billion), mismanagement, and corruption within the company. The investigation hurt the reputation of the national elite both among Indonesians and foreigners. The government took over the operation of the company and sought means by which to repay its debts.^[3] For other uses, see Debt (disambiguation). ... The United States dollar is the official currency of the United States. ...

Pertamina has legally transformed to be PT. Pertamina (Persero) since September 17, 2003 by the enactment of Government Regulation No.31/2003. Pertamina is now under the coordinator of the State Minister of State-owned Enterprises. September 17 is the 260th day of the year (261st in leap years). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

Like other contractors, as a business player Pertamina also holds Cooperation Contract to Oil and Gas Regulatory Body. Due to the transformation to be a limited liability company, Pertamina becomes a pure business entity which is more profit oriented. A limited liability company (denoted by L.L.C. or LLC) is a legal form of business company in the United States offering limited liability to its owners. ...

Product

Currently Pertamina owns 7 oil refineries which have a capacity of 1,041.2 thousand barrels, 2 gas reserves with a capacity of 31 tons per year, and a petrochemical company. View of Shell Oil Refinery in Martinez, California. ...

Pertamina's products include:

• Fuel
  • Gasoline
  • Pertamax & Pertamax Plus
  • Automotive Diesel Oil
  • Aviation Gasoline
  • Aviation Turbine Fuel
  • Kerosene
• Gas
  • LPG Mix
  • LPG Propane
  • LPG Butane
• Lubricant
  • Fastron
  • Prima XP
  • Mesran
  • Meditran
  • Translik
  • Rored
  • 2T Enviro SAE 20
  • Salyx
  • Masri
  • Turalix
  • Sebana
  • Medripal
  • Gandar
  • Silinap
  • Kompen
  • Termo
• Petrochemical products
  • Polypropylene Plant
  • Methanol Plant
  • Petroleum Cokes Plant
  • Pure Terephthalic acid (PTA) Plant
  • Aromatic Center

Fuel is any material that is capable of releasing energy when its chemical or physical structure is changed or converted. ... Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, used as fuel in internal combustion engines. ... Car redirects here. ... Rudolf Christian Karl Diesel (1858-1913), inventor of the Diesel engine. ... Aviation refers to flying using aircraft, machines designed by humans for atmospheric flight. ... Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, used as fuel in internal combustion engines. ... Aviation refers to flying using aircraft, machines designed by humans for atmospheric flight. ... A Siemens steam turbine with the case opened. ... It has been suggested that RP-1 be merged into this article or section. ... A gas is one of the four major phases of matter (after solid and liquid, and followed by plasma, that subsequently appear as a solid material is subjected to increasingly higher temperatures. ... LPG might be an initialism or abbreviation for: Liquified petroleum gas Laboratoire de Planetologie, Grenoble, France Literary Press Group of Canada Landwirtschaftliche Produktionsgenossenschaft (German, obsolete/historical) Long period grating This page concerning a three-letter acronym or abbreviation is a disambiguation page — a navigational aid which lists other pages that... LPG might be an initialism or abbreviation for: Liquified petroleum gas Laboratoire de Planetologie, Grenoble, France Literary Press Group of Canada Landwirtschaftliche Produktionsgenossenschaft (German, obsolete/historical) Long period grating This page concerning a three-letter acronym or abbreviation is a disambiguation page — a navigational aid which lists other pages that... Propane is a three-carbon alkane, normally a gas, but compressible to a liquid that is transportable. ... LPG might be an initialism or abbreviation for: Liquified petroleum gas Laboratoire de Planetologie, Grenoble, France Literary Press Group of Canada Landwirtschaftliche Produktionsgenossenschaft (German, obsolete/historical) Long period grating This page concerning a three-letter acronym or abbreviation is a disambiguation page — a navigational aid which lists other pages that... Butane, also called n-butane, is the unbranched alkane with four carbon atoms, CH3CH2CH2CH3. ... It has been suggested that this article or section be merged into Lubrication. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Polypropylene lid of a Tic Tacs box, with a living hinge and the resin identification code under its flap Polypropylene or polypropene (PP) is a thermoplastic polymer, used in a wide variety of applications, including food packaging, textiles, laboratory equipment, loudspeakers, automotive components, and polymer banknotes. ... Methanol, also known as methyl alcohol, wood alcohol or wood spirits, is a chemical compound with chemical formula CH3OH. It is the simplest alcohol, and is a light, volatile, colourless, flammable, poisonous liquid with a distinctive odor that is somewhat milder and sweeter than ethanol (ethyl alcohol). ... Pumpjack pumping an oil well near Sarnia, Ontario Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Coke is a solid carbonaceous residue derived from low-ash, low-sulfur bituminous coal. ... Terephthalic acid is one isomer of the three phthalic acids. ... PTA may refer to: Parent-Teacher Association, a voluntary organisation bringing together parents and teachers plasma thromboplastin antecedent, another name for Factor XI Preferential Trade Arrangement This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...

Notes

External links

• Official website