Making Pertamina More Agile
Monday, June 29, 2020
The plan by Pertamina to turn its company subholdings into limited companies is a good omen for the establishment of good corporate governance. With a portion of the shares held by the public, the management of these subsidiaries will be more transparent and professional.
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THE plan is that Pertamina will sell shares in its five subsidiaries, or subholdings, on the capital market. Another subsidiary, Perusahaan Gas Negara (PGN), is already a public company. The five subholdings are Pertamina Hulu Energi which manages the upstream sector, Kilang Pertamina Internasional (refineries and petrochemicals), Pertamina Power Indonesia (energy), Patra Niaga (commercial and trading), and Pertamina International Shipping (shipp
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