{
    "success": true,
    "data": {
        "id": 1562522,
        "msgid": "pertamina-streamlines-operations-38-non-oil-and-gas-subsidiaries-to-be-divested-1771458086",
        "date": "2026-02-18 06:07:49",
        "title": "Pertamina Streamlines Operations: 38 Non-Oil and Gas Subsidiaries to Be Divested",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "State-owned energy company Pertamina plans to divest 38 non-oil and gas subsidiaries this year as part of a portfolio streamlining strategy to sharpen its focus on core energy operations. The divested entities span hotels, hospitals, airlines, and insurance, with their combined financial contribution deemed relatively minor against Pertamina's consolidated revenue of approximately Rp1,194 trillion.",
        "content": "<p>PT Pertamina (Persero) will divest 38 subsidiaries not operating in\nthe oil and gas sector this year. The strategy forms part of a\nstreamlining programme to restructure the company\u2019s business portfolio\nand sharpen its focus on core energy operations.<\/p>\n<p>COO of BPI Danantara, Dony Oskaria, disclosed that all entities\nwithout a direct connection to the oil and gas sector would be removed\nfrom the group.<\/p>\n<p>\u201cPertamina will no longer have any companies unrelated to oil and\ngas. All of Pertamina\u2019s non-oil and gas companies will be spun out,\u201d he\nsaid.<\/p>\n<p><strong>Non-Energy Sectors Being Divested<\/strong><\/p>\n<p>Of the 38 entities to be divested, the majority operate in non-energy\nsectors, including:<\/p>\n<ul>\n<li>Hospitality<\/li>\n<li>Hospitals<\/li>\n<li>Airlines<\/li>\n<li>Insurance<\/li>\n<\/ul>\n<p>In the healthcare sector, the hospital business currently managed by\nIndonesia Healthcare Corporation (IHC) is said to have the potential to\nbe managed directly by Danantara.<\/p>\n<p>Pertamina currently operates several non-oil and gas business lines,\nincluding Hotel Patra Jasa, airline Pelita Air, insurance companies Tugu\nInsurance and PertaLife Insurance, and Pertamina Central Hospital\n(RSPP).<\/p>\n<p><strong>Deemed Appropriate to Reduce Complexity<\/strong><\/p>\n<p>Economist from Andalas University, Syafruddin, assessed the strategy\nof divesting non-core businesses as the right move.<\/p>\n<p>He argued that the divestiture would reduce the conglomerate\ncomplexity that has consumed management attention and broadened\ngovernance risks.<\/p>\n<p>\u201cThe advantage is that Pertamina can concentrate its investment on\nupstream-downstream oil and gas, refineries, gas, and the energy\ntransition agenda with a leaner organisational structure,\u201d he told\nKontan on Tuesday (17 February 2026).<\/p>\n<p>However, he cautioned that key risks remain, particularly in the\nasset valuation process and transfer mechanisms.<\/p>\n<p>\u201cTransactions must be transparent to prevent underpricing, and public\nservices such as healthcare and air connectivity must continue to\noperate smoothly,\u201d he said.<\/p>\n<p><strong>Non-Core Contribution Relatively Small<\/strong><\/p>\n<p>From a financial contribution perspective, Syafruddin noted that\nnon-core businesses serve a supplementary role.<\/p>\n<p>In 2024, Pertamina recorded:<\/p>\n<ul>\n<li>Revenue of approximately Rp1,194 trillion<\/li>\n<li>Net profit of Rp49.5 trillion<\/li>\n<\/ul>\n<p>By comparison:<\/p>\n<ul>\n<li>Patra Jasa recorded revenue of Rp4.6 trillion and net profit of\nRp234.6 billion in 2024<\/li>\n<li>Pelita Air achieved post-tax profit of US$5.9 million in 2024<\/li>\n<li>Tugu Insurance booked profit of Rp700.8 billion throughout 2024<\/li>\n<li>IHC recorded revenue of Rp5.72 trillion with net profit of Rp300\nbillion in 2023<\/li>\n<\/ul>\n<p>\u201cThese figures show that non-core units do contribute profit and cash\nflow, but their share is relatively small compared to Pertamina\u2019s\nconsolidated performance,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pertamina-streamlines-operations-38-non-oil-and-gas-subsidiaries-to-be-divested-1771458086",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}