Author: kristis78147
Tracing Pertamina’s cost efficiency amid high global oil prices
State-owned oil and gas firm PT Pertamina (Persero) succeeded in achieving cost optimization of US$2.21 billion in 2021 amid high global crude oil prices. Pertamina. gas station ANTARA/HO – PT. Pertamina Patra Niaga Regional Kalimantan. “Through this business strategy, in 2021, Pertamina succeeded in cost optimization of US$2.21 billion, obtained from the cost savings program (cost-saving) of US$1.36 billion, cost avoidance of US$356 million, and additional revenue (revenue growth) of around US$495 million,” director of finance of Pertamina, Emma Sri Martini, said in Jakarta on Tuesday. Martini explained that Pertamina has developed several policies and business strategies from the financial ... Read more