Key insights and market outlook
President Prabowo Subianto has emphasized the need for integrity and enhanced performance from PT Pertamina (Persero), stating that the state-owned enterprise must be 'cleaned up' and produce more value for Indonesia. During the inauguration of Pertamina's RDMP Balikpapan refinery on January 12, 2026, Prabowo stressed that Pertamina, as a national champion, should generate greater benefits for the country 1
President Prabowo Subianto, during the inauguration of Pertamina's Refinery Development Master Plan (RDMP) in Balikpapan on January 12, 2026, stressed that Pertamina must operate with integrity and produce greater value for Indonesia. As the nation's national champion and the only Indonesian company featured in Fortune 50, Prabowo emphasized that Pertamina's performance should reflect its significant status 4
Prabowo highlighted that as a national champion, Pertamina should generate more substantial benefits for Indonesia. With its presence in Fortune 50 and valuation of approximately USD 100 billion, the company is expected to play a crucial role in the nation's economic landscape 4
Pertamina RDMP Balikpapan Inauguration
New Pertamina Leadership Appointment
Energy Sector Reform Announcement