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The company was founded by Indonesian businessman Arifin Panigoro in 1980 and is headquartered in Jakarta, Indonesia. [3] [4] In October 2015, the company bought an interest in the Singa gas field in the Lematang Block located in South Sumatra for $22 million [5] and, in May 2019, the company acquired Ophir Energy in a deal valued at $517.6 million.
Pertamina fuel station in Bali. PT Pertamina (Persero) [a] is an Indonesian state-owned oil and natural gas corporation, headquartered in Jakarta. [2] It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established in 1957).
Based in Singapore, [6] ICOF builds "sustainable palm oil solutions" for their clients. [7] In 2003, Musim Mas commenced operations for its oleochemicals plant located in the Medan Industrial Area II (KIM II). The following year, Musim Mas was the first company in Indonesia to achieve Roundtable on Sustainable Palm Oil (RSPO) certification. [8]
It has 15 palm oil mills with a total refining capacity of 1.8 million metric tonnes of FFB (fresh fruit bunches) per year from its 98 estates throughout Malaysia and Indonesia. [7]: 7 With oil yield of some six tonnes per hectare per year at its mature estates, IOI is the most efficient plantation company in the world. [8] Malaysia's oil palm ...
A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia's Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian ...
During the 1980s, Indonesia was a significant oil-exporting country. Since 2000, domestic consumption has continued to rise while production has been falling, so in recent years Indonesia has begun importing increasing amounts of oil. Within Indonesia, there are considerable amounts of oil in Sumatra, Borneo, Java, and West Papua Province.
Indonesia and Malaysia are two neighbouring nations that share similarities in many aspects. [2] Both Malaysia and Indonesia have many common characteristic traits, including standard frames of reference in history, culture and religion. Although both countries are separate and independent states, there are also profoundly embedded similarities ...
A U.S. treasury official warned of environmental risks from illicit transfers of Iranian oil off Malaysia, news portal Malaysiakini reported on Thursday, as the United States narrows its focus on ...