PT Pertamina (Persero) is under constant pressure. Not long ago we all know that the Attorney General’s Office (AGO) named seven suspects in a case of alleged corruption in the procurement of crude oil and Pertamina’s refinery products. Several suspects named are high-ranking officials at Pertamina’s Subholding, including PT Pertamina Patra Niaga (PT PPN), PT Kilang Pertamina Internasional (PT KPI) and PT Pertamina International Shipping (PT PIS) with a total State loss estimated at a whopping Rp197 trillion. But even before this problem is resolved, PT PPN again has to face allegations of other fraud after the Business Competition Supervisory Commission (KPPU) took the initiative to start a preliminary investigation into alleged monopolistic practices in the sale of Non-Subsidized Liquefied Petroleum Gas (LPG) in the midstream market. What a mess. To subscribe please click here
