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Indonesia s Pertamina Hulu Energi, the state-owned oil and gas company, mulls US$3bil Jakarta IPO

JAKARTA, May 2 (Bloomberg): PT Pertamina, Indonesia’s state-owned oil and gas company, is weighing an initial public offering of its exploration unit that could be the biggest first-time share sale in Southeast Asia in more than a decade, according to people with knowledge of the matter. The potential listing of PT Pertamina Hulu Energi could raise at least US$3 billion, said the people, who asked not to be named as the information is private. Pertamina has picked advisers and is targeting holding the Jakarta offering as soon as next year, the people said. Deliberations on the prospective deal are at an early stage and the size and timing could change, the people said.

Indonesia s Pertamina puts out fire in Balongan refinery storage units

By Reuters Staff 2 Min Read JAKARTA (Reuters) - Indonesia’s state oil company PT Pertamina said it has put out a fire that had engulfed part of its 125,000 barrel per day refinery in Balongan, West Java and had begun making preparations to restart the plant. Slideshow ( 4 images ) The fire broke out just after midnight on Monday, forcing Pertamina to shut the plant and evacuate around 950 nearby residents. Six were treated at the hospital due to the fire. Pertamina said in a statement that by Wednesday afternoon, fires in all four affected storage units have been extinguished. Videos posted online showed massive flames and a huge black column of smoke rising from the site.

Indonesia oil blaze doused after two days - World News

2021-04-01 03:45:33 GMT2021-04-01 11:45:33(Beijing Time) Xinhua English   Firefighters battle a fire at Balongan refinery, operated by state oil company Pertamina, in Indramayu, West Java on Wednesday. Indonesian firefighters on Wednesday extinguished a large blaze at one of the country’s biggest oil refineries that had been burning for more than two days after an massive explosion. Crews blasted fire-suppressing foam to quench the flames at two storage tankers after the inferno seriously injured at least six people on Monday. Thick plumes of black smoke shot into the sky at the Balongan refinery in West Java, owned by state oil company Pertamina.

Firefighters put out blaze at Indonesian state oil refinery

Firefighters put out blaze at Indonesian state oil refinery
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