Pertamina Enters Fortune Global 500 List Again, Up 64 Ranks

PT Pertamina (Persero) has again listed its name as the only Indonesian company to be included in the 2022 Fortune Global 500 list. Pertamina is ranked 223, up 64 places compared to 2021 which is in position 287. In 2022, the Fortune Global 500 places 30 world oil and gas companies in the Petroleum Refining category. Pertamina is at number 21 above Idemitsu & Repsol.

The Minister of State-Owned Enterprises, Erick Thohir, appreciated Pertamina’s success in re-entering the Fortune Global 500 with a significant increase in ranking. The increase provides evidence that State-Owned Enterprises can compete with global companies.

“I highly appreciate the directors, commissioners, and all Pertamina personnel who work hard in increasing the company’s competitiveness in the international arena. The transformation through holding and sub-holding makes Pertamina’s operations more effective and efficient because it focuses on core business. This is in line with our target that Pertamina must become a Global Energy Champion company and have a valuation of US$ 100 billion,” Erick said in a written statement, Tuesday (9/8/2022).

Erick said Pertamina’s success shows that State-Owned Enterprises are not only able to survive in the face of a pandemic, but can also improve performance with various innovations. This achievement is said to be inseparable from the steps of transformation and restructuring through the formation of holdings and sub-holdings.

Erick hopes that this achievement can be an inspiration for other State-Owned Enterprises to be able to speak more on the world stage. He believes that other state-owned companies can also imitate Pertamina’s footsteps as long as they are able to optimally implement the transformation and core values of morality.

“The better the performance of State-Owned Enterprises, especially until they are recognized by the world, will certainly have a significant impact on the community. Positive performance will certainly provide a large space for State-Owned Enterprises to contribute more to increasing economic growth, maintaining market balance, to economic programs. people,” said Erick.

August 9, 2022, detikFinance