State’s Petrochemical Refinery
Pertamina has officially taken control of Trans Pacific Petrochemical Indotama’s parent company. The cabinet was swift in carrying out the President’s orders.
Surprising news appeared on the finance ministry’s directorate-general of state assets management’s website on Tuesday, November 19. Pertamina have acquired Tuban Petrochemical Industries (TPI) for Rp3.1 trillion. The state-owned oil and gas company is now officially the majority shareholder of TPI, the parent company of aromatics factory Trans Pacific Petrochemical Indotama (TPPI), based in Tuban, East Java.
The photo accomp...