Pertamina
Pertamina is Indonesia's state-owned energy company, established in 1957, which has played a foundational role in managing the nation's vast oil and gas resources and ensuring energy security throughout its post-colonial development.
Quick Facts
- Founded
- 1957
- Founder
- Government of Indonesia
- Origin
- Indonesia
Founders
Story Chapters
Timeline
Founding of Pertamina
Pertamina was established by the Government of Indonesia to manage the country's oil resources, marking a significant step towards economic independence.
Merger to Form Pertamina
The merger of Pertamin and Permina resulted in the formation of Pertamina, consolidating the state's control over oil and gas resources.
Corruption Scandal
A major corruption scandal involving Pertamina executives led to reforms in governance and increased scrutiny of the company's operations.
Expansion of Operations
Pertamina expanded its operations internationally, establishing a presence in several countries and solidifying its position as a global energy player.
Asian Financial Crisis
The Asian financial crisis impacted Pertamina's finances, prompting restructuring efforts to stabilize the company's operations.
Introduction of Corporate Governance Reforms
In response to past scandals, Pertamina implemented corporate governance reforms to improve transparency and accountability.
Investment in Renewable Energy
Pertamina began investing in renewable energy projects, reflecting a strategic shift towards sustainability and diversification.
Partnership with Rosneft
Pertamina formed a joint venture with Russian oil giant Rosneft to build a new refinery, enhancing its refining capacity.
Acquisition of ExxonMobil's Assets
Pertamina acquired ExxonMobil's assets in Indonesia, strengthening its position in the upstream oil and gas sector.
Commitment to Net Zero Emissions
Pertamina announced its commitment to achieving net zero emissions by 2050, aligning with global efforts to combat climate change.
Connected Across The Archives
Explore specific connections to other archives—civilizations, conflicts, dynasties, and treaties that share history with this company.
Civilization Archive
(3)Angkor Empire
Pertamina's role in Southeast Asia's modern economy echoes the Angkor Empire's historical influence on regional trade and cultural exchange.
Majapahit Empire
Pertamina's trade strategies are shaped by the Majapahit Empire's legacy, which established extensive maritime networks across Southeast Asia.
Sultanate of Malacca
The Sultanate of Malacca's control over vital trade routes set precedents for Pertamina's strategic positioning in Southeast Asian markets.
Lineage Archive
(2)House of Borgia
The House of Borgia's strategic alliances and political power in the Renaissance mirrored the economic ascendancy of Southeast Asian trade empires, highlighting the era's global interconnectedness.
House of Savoy
The House of Savoy's territorial expansions and diplomatic strategies in Europe exemplified the shifting power dynamics that redefined global commerce and colonial ambitions.
Treaty Archive
(2)Treaty of Paris (1763)
The Treaty of Paris redrew colonial territories post-Seven Years' War, altering European influence in Asia and indirectly shaping Pertamina's future market landscape.
Treaty of Tordesillas
The Treaty of Tordesillas, by dividing the New World, set a precedent for European colonial competition in Asia, directly impacting Indonesia's colonial history.
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