Pertamina Merges PET into PPN to Strengthen Downstream Business Integration
Pertamina is merging PT Pertamina Energy Terminal (PET) into PT Pertamina Patra Niaga (PPN) as part of the second stage of its downstream business restructuring. This step is aimed at strengthening business integration while driving operational cost efficiencies within the Downstream Subholding.
The merger will take effect from 1 September 2026, following the signing of the Merger Deed and the Deed of Amendment to PPN’s Articles of Association at Pertamina’s Head Office in Jakarta. PPN will serve as the surviving entity in this process.
The President Director of PT Pertamina (Persero), Simon Aloysius Mantiri, stated that downstream business integration must yield tangible benefits for both the company and the public. According to him, the merger is not merely about simplifying the structure but is also part of an effort to build a more integrated and competitive downstream business.
“What we are signing today is a mutual commitment to building a downstream business that is not only structurally integrated but also reliable, competitive, and equitable,” said Simon in Jakarta on Tuesday (1/9/2026).
Following the merger, Pertamina will focus its efforts on reorganising processes and structures within the Downstream Subholding. Optimising the value chain, achieving operational expenditure (OPEX) optimisation, and strengthening operational synergies are part of the ongoing restructuring agenda.
Simon assessed that this step is crucial for forming a more focused and robust Pertamina business structure. He urged Pertamina’s management to maintain the consistency of the transformation direction while ensuring that the transition process does not disrupt operational activities.
“Continue to optimise the value chain, cost efficiency, and operational synergy, so that Pertamina truly becomes a focused, strong, and dignified energy company,” he emphasised.
The merger of PET into PPN is a continuation of the first stage of downstream business restructuring, which became effective on 1 February 2026. During that stage, Pertamina merged PT Kilang Pertamina Internasional (KPI) and 10 SPVs of PT Pertamina International Shipping (PIS) subsidiaries into PPN, and transferred PIS’s captive vessel fleet to PPN.
Pertamina ensures that the entire restructuring process will proceed without reducing energy services to the public. Downstream business operations will continue in full, while following the merger, the company will proceed with consolidation to enhance the efficiency and competitiveness of the national downstream business.