Arcandra: Pertamina's Contribution as National NOC Not Bigger Yet Than NOC Country

By : Hariyanto And Aldo Bella Putra | Saturday, March 31 2018 - 17:00 IWST

Wakil Menteri Energi Dan Sumber Daya Mineral, Arcandra Tahar
Wakil Menteri Energi Dan Sumber Daya Mineral, Arcandra Tahar

INDUSTRY.co.id - Jakarta - The government continues to push PT Pertamina (Persero) to be stronger from the upstream side. Deputy Minister of Energy and Mineral Resources (EMR), Arcandra Tahar, said that Pertamina's oil production as National Oil Company (NOC) is now national, not as big as other countries' NOCs.

"NOC production in the world is generally more than 50% of total national production, for example, Petrobras is produced in 80% of Brazil's national production, Saudi Aramco about 99%, Petronas about 58% .The oil production of Pertamina to the national is only 20% Pertamina must be stronger, because the energy resistance starts from the supply," explained Arcandra Tahar in Jakarta (27/3/2018).

He said Pertamina's downstream side also played a similar role. But making the oil price high, the role of the side becomes more dominant.

"World-class oil and gas companies are always based on two legs, upstream and downstream, when high oil prices, upstream wins, oil futures, downstream is oil," said Arcandra.

Arcandra said, by building or revitalizing refineries to reduce the risk of such prices. With refineries, fuel production costs are becoming more efficient than imports.

He added that the need for BBM Indonesia is around 1.7 million barrels per day (bpd) and the production of a national refinery is around 800 thousand per day. Even to meet the needs of fuel (processing oil) national imports are still needed around 900 thousand bpd.

"The spread between fuel and refinery imports is 5%, which is calculated from RON 92 fuel prices in the range of US $ 72-74 per barrel, spreading about US $ 3.5 per barrel, $ 3 million, or about US $ 1 billion died because of its efficiency," said Arcandra.

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.