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

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…