Pertamina Energy Terminal Merged Into Downstream Subholding
The merger of Pertamina's subsidiaries is a follow-up to the streamlining of SOEs initiated by President Prabowo Subianto.
PT Pertamina Energy Terminal recently merged into PT Pertamina Patra Niaga on September 1, 2026, as part of Pertamina's strategic restructuring efforts. The merger ceremony took place at Pertamina's headquarters in Jakarta on August 31, 2026, with CEOs Mars Ega Legowo Putra and Bayu Prostiyono signing the merger deed. Notary Jose Dima was present during the signing of Pertamina Patra Niaga's amended articles of association.
Pertamina's CEO, Simon Aloysius Mantiri, emphasized that this integration aims to make the downstream business more efficient, competitive, and reliable. He assured that the merger will not disrupt energy services to the public, as operations will continue as usual during and after the merger. The move aligns with Danantara's mandate to transform SOEs into agile and competitive entities.
Following the merger, Pertamina will focus on optimizing the value chain, reducing operational costs, and enhancing synergy between business units. This merger is part of the second phase of Pertamina's downstream business restructuring, following the first phase completed on February 1, 2026, which involved the integration of PT Kilang Pertamina Internasional (KPI) and ten SPV companies owned by PT Pertamina International Shipping (PIS) into Pertamina Patra Niaga. Pertamina also acquired PIS's captive ship fleet as part of these restructuring efforts.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
