~November 2001

~November 2001

The House of Representatives endorses the new oil and gas bill in a bid end Pertamina's decades-long control of the country's oil and gas industry.

August 2002

The government establishes BP Migas to take over Pertamina's control of the upstream sector.

December 2002

The government issues a decree to establish Badan Pengatur to take over Pertamina's control of the downstream sector

June 2003

The government issues a regulation to transform Pertamina into a limited liability company.

2006

The government is scheduled to privatize Pertamina

Pertamina's profile as of end 2001

Employees : 27,606 Assets : Rp 96.9 trillion Liabilities : Rp 68.4 trillion Income before govt's share: Rp 10.5 trillion Main assets :

- 7 refineries

(capacity: 1.05 million barrels/day)

- 9 LPG and petrochemical plants

(output: 1.6 million tons/year)

- 2,375 gas stations

- 31 tankers

- oil and gas concessions

(output: 162,641 boepd)

- 8 subsidiaries

Subsidiaries' profile as of 2001

Name Profit

(billions of rupiah) 1. Patra Jasa (hotel, real estate) 6.5 2. Elnusa Harapan (technology trading) 3.3 3. Pertamina Tongkang (shipping) 41 4. Pelita Air Service (airline) 37.2 5. Patra Dok Dumai (ship maintenance) 0.7 6. Petral (crude trading) 20 7. RSPP (hospital) 16.7 8. El Nusa (IT, construction, fuel) 5.3