Pertamina Chief Commissioner Stresses Integrated Risk Governance Amid Global Geopolitical Heating

The Chief Commissioner of PT Pertamina (Persero), Mochamad Iriawan, chaired an Integrated Governance Committee (KTKT) coordination meeting at the Pertamina Club Ballroom in Kuningan, South Jakarta, on Thursday (4/6/2026). The coordination meeting was held to monitor the impact of global geopolitics on the Pertamina Group’s business, as well as to reassess the risk ratings of its subsidiaries. Through the meeting, the Pertamina Group formulated strategic steps to be taken by the company. In his directives before subsidiary commissioners and management, Mochamad Iriawan revealed that the current global geopolitical condition is reaching a higher level of heating. Regional conflicts, world oil price volatility, supply chain pressures, exchange rate fluctuations, and global economic fragmentation have created immense pressure testing the resilience of the domestic energy industry. According to Iriawan, in this crucial situation, Pertamina is not only required to face commercial business challenges. As a State-Owned Enterprise (BUMN), Pertamina must be able to bear the strategic mandate from the government to safeguard national energy security and the stability of domestic energy supply. He stressed that the challenges facing the Pertamina Group have now shifted from mere operational risks to strategic financial risks and policy risks. Therefore, he requested all business lines to manage these risks carefully, meticulously, and in an integrated manner. In addition, Iriawan also insisted that risk assessment documents must not become mere administrative formalities. ‘The system must transform into an early warning system capable of providing integrated risk visibility for the company’s direction, directors, and commissioners in making strategic decisions to maintain the company’s sustainability and national energy security,’ he stated in an official release on Friday (5/6/2026). He added that precision in risk assessment, mitigation, and taking appropriate measures will sustain the company’s business continuity. Furthermore, Iriawan urged management to eliminate sectoral egos or silo working patterns occurring between business units and sub-holdings. He asserted that Pertamina’s greatest strength ahead is no longer measured by the size of its business or assets, but by the ability of the entire corporate ecosystem to move as a single, united entity. ‘I want to emphasise that the Pertamina Group’s business synergy must be implemented tangibly, not just as an organisational concept. Every business unit and subsidiary must prioritise the use of internal Pertamina Group products, services, and capabilities as long as they are available and meet economic and quality aspects. The entire Pertamina ecosystem must strengthen each other,’ he concluded.