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Overview Dynamics Pertamina S11

As the nation's economic locomotive, Pertamina Solutions Fuel Quality and Environmental Friendly (Pertamina Solusi Bahan Bakar Berkualitas dan Ramah Lingkungan) is a state-owned company engaged in the energy sector include oil, gas and new energy and terbarukan.Pertamina run its business activities based on the principles of good corporate governance so as to competitiveness that high in the era of globalization. The milestones of the history of PT Pertamina (Persero) as the state-owned company since 1957 to change the legal status into a Limited Liability Company (Persero).

Independence period. In the 1950s, when the administration of the state began to walk normally after the war to defend the independence, the Government of the Republic of Indonesia began an inventory of the sources of state income, including from oil and gas. But then, the management of oil fields Dutch heritage looks unmanageable and filled with conflict.

Integration Management of Oil and Gas Indonesia. In 1960, PT PERMINA restructured into PN PERMINA as a follow-up of the Government's policy, that the party entitled to conduct oil and gas exploration in Indonesia is the country.

Milestones Migas Indonesia. To strengthen the young company, the government issued Law No. 8 in 1971, where it set the role of Pertamina as the only state-owned company tasked with implementing an exploitation of oil and gas start to manage and produce oil and gas from the oil fields in the whole of Indonesia, processed into various products and providing and serving the needs of fuel oil & gas throughout Indonesia.

Dynamics of Oil and Gas Indonesia. Over time, the face of the changing dynamics in the oil and gas industry nationally and globally, the Government implement the Act No. 22/2001. The post-implementation, Pertamina have equal footing with other oil companies. Implementation of PSO business activities will be submitted to the competition mechanism of reasonable, fair, and transparent pricing according prevailing in the market.

Period of Transformation. On December 10, 2005, as part of efforts to face the competition of business, PT Pertamina changed the logo of a sea horse emblem became the arrows with the three basic colors red-green-blue. The logo shows an element of dynamism and it signaled the environment insights are applied in the Company's business activities.

With more than 56 years, Pertamina more confident to commit to running its business activities in a professional and high technical mastery ranging from upstream activities until hilir.Berorientasi the interests of customers is also a thing be Pertamina's commitment, in order to play a role in providing added value for the progress and welfare of the Indonesian people.

Reference: - Overview Dynamics Pertamina
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