Is Pertamina a monopoly?

The Pertamina monopoly used a model called the production sharing contract. It was introduced in Indonesia in the 1960s and is now used for oil and gas contracts by around 40 developing countries in Africa, Central Asia and Southeast Asia.

Is Pertamina listed?

Jakarta, August 3, 2021 – PT Pertamina (Persero) is once again listed as the only Indonesian company included in the 2021 Fortune Global 500 list. Pertamina was able to raise revenue to USD 41.47 billion and earn a profit of USD 1.05 billion in 2020.

How many refineries does Pertamina?

6 Refinery Units
Pertamina owns 6 Refinery Units (RU) with total capacity reached 1.046,70 thousand barrels.

Who owns oil in Indonesia?

The five biggest oil producers in Indonesia – who together account for 73.34 percent of the nation’s total oil production – are Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam, and the China National Offshore Oil Corporation (CNOOC).

Is Pertamina state owned?

Pertamina is the national energy company, 100\% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.

What sells Pertamina?

In marketing sector, Pertamina carries out marketing, trading and distribution of a number of products such as fuel, lubricants, LPG, petrochemical products and other non-fuel products to domestic and overseas markets.

What is Pertamina Indonesia?

Pertamina is Indonesia’s largest state-owned enterprise (SOE) in terms of revenue and income. The company is active in the upstream and downstream sectors of the oil and gas industry.

Is Pertamina state-owned?

Is Indonesia rich in oil?

Indonesia is rich in resources, with proven and potential conventional energy reserves of more than 7 billion barrels of oil and about 150 trillion cubic feet of gas. The country also has unconventional reserves of 450 trillion cubic feet of coal bed methane and 575 trillion cubic feet of shale gas.

How many oil fields are in Indonesia?

There are said to be around 60 basins across the country, only 22 of which have been explored and exploited. Main oil fields in Indonesia include the following: Minas. The Minas field, in Riau in Sumatra, operated by the US-based firm Chevron Pacific Indonesia, is the largest oil block in Indonesia.