State’s Petrochemical Refinery - Economy - magz.tempo.co

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State’s Petrochemical Refinery

Tuesday, December 3, 2019

Pertamina has officially taken control of Trans Pacific Petrochemical Indotama’s parent company. The cabinet was swift in carrying out the President’s orders.

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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.

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