PT Pertamina is an Indonesian state-owned company with headquarters in Jakarta . The company promotes and refined the Indonesian oil – and gas reserves . Pertamina was in August 1968 by merging the companies Pertamin (founded 1961) and Permina (established December 10, 1957) is formed.
Under Article 33 of the Indonesian Constitution of 1945 stipulates that the soil, water and natural resources belong to the state and should be used for the benefit of the people. After the Indonesian government has to manage the task, the oil and gas reserves. On 10 December 1957, the state-owned enterprises Permina founded. The management was the Indonesian Colonel Ibnu Sutowo before. Ibnu Sutowo was the second man behind General Abdul Haris Nasution, the Indonesian military. The position Sutowos in state enterprises Permina tried the Indonesian military to control the oil industry in Indonesia. The company sold nationwide as a company in Indonesia in the coming years in a monopoly oil. Permina founded the School Apprentice Technical School (Sekolah squad Teknik) in Brandan to experts to get to the oil industry. To make this goal in 1962 was the Oil Academy in Bandung was founded. In the 1960s, the state monopoly of oil production eased and foreign oil companies in Indonesia has been granted access. 1968 the companies merged Permina and Pertamin and the state-owned enterprises Pertamin emerged. After the merger in 1968, oil production increased steadily the company.
However, in 1977 in Indonesia, the peak oil reached Indonesia yet remained a major oil exporter and a member of OPEC . By strong population and economic growth, Indonesia was 2007, however, finally became a net importer of oil and then in 2008 announced its withdrawal from OPEC. The use of new technology and the help of foreign oil companies succeeded in recent years, the funding level to maintain reasonably constant and stop before the dramatic decline in production. At the same time trying to use natural gas as a substitute for oil, because Indonesia has large natural gas reserves and one of the largest natural gas exporters in the world. The TransJakarta express bus , for example, most with natural gas powered buses retrofitted, because the Indonesian gas production recorded strong growth and rising at a rapid pace is expected to continue.