Pertamina subsidiaries, affiliated firms signed MoU on business synergy

Monday, July 8 2019 – 03:55PM WIB

Eight subsidiaries and 13 affiliated companies of state energy company PT Pertamina have signed memorandum of understanding (MoUs) to synergize their business operations as a move to improve their competitive values.

The MoU was signed at the Directorate for Retail Marketing Office of Pertamina on Friday (05/07).

“This is an important moment for Pertamina, in particular the directorate for retail marketing. This huge energy must be optimized in order to attain an efficient and acceleration of business process which ultimately increase the competitive values,” said Director for Retail Marketing of Pertamina, Mas’ud Khamid.

“With this cooperation, the market can be properly managed and competitors can be kept away,” he said.

Mas’ud said the synergy will be replicated elsewhere therefore the business portfolios of Pertamina’s subsidiaries and affiliated companies will not be overlapped.

The signing of the MoU was also a follow-up action of the Workshop on Synergy held in Bali and Semarang recently.

The synergy, he said, would create business opportunities worth US$215 million.

The companies that have agreed to sign the business synergy are: PT Pertamina Patra Niaga, PT Pertamina Retail, PT Pelita Air Services, PT Patra Jasa, PT Pertamina Bina Medika, PT Elnusa Tbk, PT Pertamina Training & Consulting, PT Asuransi Tugu Pratama Indonesia Tbk, PT Patra Trading, PT Elnusa Petrofin, PT Pertamina Drilling Contractor, PT Patra Logistik, PT Sigma Cipta Utama, PT Patra Badak Arun Solusi, PT Elnusa Fabrikasi Kontruksi, PT Mitra Tour&Travel, PT Indopelita Aircraft Service, PT Peteka Karya Tirta, PT Peteka Karya Jala, PT Peteka Karya Samudera, and PT Peteka Karya Gapura.

Editing by Roffie Kurniawan

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