PT Pertamina (Persero) consistently continues to carry out business transformation through its subsidiary structuring program or business streamlining. Until the end of Semester I of 2026, the state-owned oil and gas company successfully completed the streamlining of 31 business entities under the Pertamina Group.
Pertamina's Director of Business Transformation and Sustainability, Agung Wicaksono, emphasized that this step was taken as a concrete effort to sharpen the company's focus on the core business sector. By streamlining through merger schemes, divestment of non-core business lines, to the liquidation of inactive entities, Pertamina seeks to create a more sustainable added value for the national economy.
Agung explained that this streamlining process is not just about financial efficiency, but is part of a comprehensive transformation to accelerate decision-making and improve corporate governance. Although some of the liquidated entities had been inactive and carried no operational burden, the step is considered crucial to clean up the group's organizational structure in line with the government's mandate through Presidential Instruction No. 7 of 2026.
Echoing this, Pertamina's Vice President of Corporate Communication, Muhammad Baron, stated that every stage in the streamlining process is carried out in strict adherence to the principles of Good Corporate Governance. Management ensures that all decisions are made with due regard to legal compliance aspects and comprehensive risk management.
Going forward, Pertamina is committed to continuing to improve the quality of public services and business resilience. This strategic initiative is expected to strengthen national energy security and enhance Pertamina's competitiveness amidst the increasingly challenging global energy market dynamics.
