Pertamina’s corporate strategy - action plan to 2025

  • Hoang Thi Dao
  • Dao Minh Phuong
  • Hoang Thi Phuong
Keywords: Strategy, upstream, downstream, gas, geothermal, new and renewable energy, Pertamina

Abstract

Transformation from an oil company to an energy company is currently a trend for several major oil companies, in response to the situation where fossil fuels are gradually exhausting as well as to develop new and clean energy to protect the environment. Indonesia's PT Pertamina (Persero) is not out of the trend. Recently, it has transformed into an energy company, with the vision of becoming a world-class one by 2025.

The article introduces the corporate strategy and strategic plan of Pertamina until 2025. Specifically, Pertamina focuses on: (i) improving oil and gas reserves and exploiting geothermal energy; (ii) vigorously upgrading and expanding existing refineries and investing in new refineries to increase production and enhance product quality; (iii) increasing the share of new and renewable energy in Indonesia's energy mix.

References

[1] Pertamina, “Annual report”, [Online]. Available: https://www.pertamina.com/en/documents/laporantahunan.
[2] Pertamina, “New renewable energy”. [Online]. Available: https://pertaminapower.com/new-renewableenergy.
[3] Nugroho Agung Panbudi, “Geothermal power generation in Indonesia, a country within the ring of fire: Current status, future development and policy”, Renewable and Sustainable Energy Reviews, Vol. 81, pp. 2893 - 2901, 2018. DOI: 10.1016/j.rser.2017.06.096.
[4] Pertamina, “Building Indonesia’s energy and petrochemical future”, 5/2019.
[5] Pertamina, “Sustaining synergy, spreading energy”, Sustainability Report 2018.
[6] Pertamina, “Gas and new and renewable energy sectors”, [Online]. Available: https://www.pertamina.com/id/gas-and-new-and-renewable-energy-sector.
[7] Andianto Hidayat, “New and renewable energy development in PT. Pertamina: Role of energy company in climate action”, 9/6/2020. [Online]. Available: https://www.enviro.or.id/wp-content/uploads/2020/06/Andianto-Hidayat-PT.-Pertamina-Persero.pdf.
[8] PT Pertamina (Persero), “First half 2019 performance”, 8/2019.
Published
2020-07-20
How to Cite
Hoang Thi Dao, Dao Minh Phuong, & Hoang Thi Phuong. (2020). Pertamina’s corporate strategy - action plan to 2025. Petrovietnam Journal, 7, 33 - 41. https://doi.org/10.25073/petrovietnam journal.v7i0.325
Section
Articles

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