Pertamina Lubricants Business'll Stand Alone - PT Pertamina (Persero) plans to separate the (spin off) Lubricants Business Unit and most activities Shipping functions into a separate subsidiary as part of a strategic move the company into a World Class Energy Company.
Vice president of corporate communications, said Ali Mundakir separation plan is based on the goal to be more focused work on the potential and prospects of businesses owned by them in the future so it can contribute more strongly to Pertamina.
Under Law No. 40 of 2007 on Limited Liability Company, a subsidiary of the establishment can be done through the General Meeting of Shareholders to be held 30 days from the announcement of the formation of the plan.
"Plans separation (spin off) is in line with the company's long-term strategy. We hope they will make a positive contribution to the company to achieve the vision of becoming a World Class Energy Company, "said Ali
With this separation, Pertamina Lubricants are expected to continue to maintain a 60% share of the domestic market, a top 20 major oil companies in the world by 2015 with total sales volume of 700 thousand kiloliters.
Pertamina Lubricants portfolio of businesses is expected to increase to boost the development of global markets, and increased operational excellence with a more responsive and quick in decision making business challenges faced in the future.
Pertamina lubricants market share in the domestic market is the highest in the world, with an average sales growth of 10% per year, despite tight semakit business dynamics with the presence of over 210 players and 1,000 brands.
On the other hand, Pertamina exports continued to increase since it was first performed in 2007, Pertamina lubricant is now reaching 22 countries through a variety of brand lubricant.
"Looking ahead, through Pertamina Pertamina Lubricants are determined to continue to increase market penetration, both domestic and export through the products of middle-low lubricant or who has produced top tier companies," said Ali.
Pertamina Shipping
Meanwhile, the growing energy demand in the global and domestic markets, and the regulatory environment to support the growing cruise business, an important factor for the formation of Pertamina Shipping which will focus on developing the business of freight moving gas (LPG and LNG), FSO / FPSO, and oil medium-sized tanker up.
Shipping Pertamina will build a market in the global shipping sector with an initial target in the development of the internal market Pertamina and other subsidiaries, such as PT Pertamina Hulu Energy, PT Pertamina EP, Petral, and PT Pertamina Gas, etc..
World oil demand is likely to continue to increase an average of 3-5% per year driven by rising demand from countries of non-OECD countries, such as China and India. Indonesia is also ambitious to remain a leader production / export of gas and increase domestic gas utilization through infrastructure development, refineries and LNG terminals.
"Coupled with the implementation of the cabotage principle, presents a great opportunity for Indonesian domestic shipping. Pertamina Shipping will focus specifically capture these opportunities for business gas and oil tankers transporting medium to upper-class, "he concluded.
Vice president of corporate communications, said Ali Mundakir separation plan is based on the goal to be more focused work on the potential and prospects of businesses owned by them in the future so it can contribute more strongly to Pertamina.
Under Law No. 40 of 2007 on Limited Liability Company, a subsidiary of the establishment can be done through the General Meeting of Shareholders to be held 30 days from the announcement of the formation of the plan.
"Plans separation (spin off) is in line with the company's long-term strategy. We hope they will make a positive contribution to the company to achieve the vision of becoming a World Class Energy Company, "said Ali
With this separation, Pertamina Lubricants are expected to continue to maintain a 60% share of the domestic market, a top 20 major oil companies in the world by 2015 with total sales volume of 700 thousand kiloliters.
Pertamina Lubricants portfolio of businesses is expected to increase to boost the development of global markets, and increased operational excellence with a more responsive and quick in decision making business challenges faced in the future.
Pertamina lubricants market share in the domestic market is the highest in the world, with an average sales growth of 10% per year, despite tight semakit business dynamics with the presence of over 210 players and 1,000 brands.
On the other hand, Pertamina exports continued to increase since it was first performed in 2007, Pertamina lubricant is now reaching 22 countries through a variety of brand lubricant.
"Looking ahead, through Pertamina Pertamina Lubricants are determined to continue to increase market penetration, both domestic and export through the products of middle-low lubricant or who has produced top tier companies," said Ali.
Pertamina Shipping
Meanwhile, the growing energy demand in the global and domestic markets, and the regulatory environment to support the growing cruise business, an important factor for the formation of Pertamina Shipping which will focus on developing the business of freight moving gas (LPG and LNG), FSO / FPSO, and oil medium-sized tanker up.
Shipping Pertamina will build a market in the global shipping sector with an initial target in the development of the internal market Pertamina and other subsidiaries, such as PT Pertamina Hulu Energy, PT Pertamina EP, Petral, and PT Pertamina Gas, etc..
World oil demand is likely to continue to increase an average of 3-5% per year driven by rising demand from countries of non-OECD countries, such as China and India. Indonesia is also ambitious to remain a leader production / export of gas and increase domestic gas utilization through infrastructure development, refineries and LNG terminals.
"Coupled with the implementation of the cabotage principle, presents a great opportunity for Indonesian domestic shipping. Pertamina Shipping will focus specifically capture these opportunities for business gas and oil tankers transporting medium to upper-class, "he concluded.
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go indonesia go pertamina
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