Indonesian power giant Pertamina has completed its acquisition of a 20-percent stake in tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) for $120 million.

“CREC and Pertamina NRE will also jointly explore renewable energy (RE) investments in Indonesia, including the potential development of solar and wind power projects and collaboration related ...

Indonesia’s Pertamina New & Renewable Energy (Pertamina NRE) has acquired a 20% stake in Philippine solar developer Citicore Renewable Energy Corp. (CREC) for $120 million, with both companies ...

Corruption in the management of oil at Pertamina happens at every level. They buy oil at too high a price and sell it at below market price.

Indonesia is dependent on energy imports, and Singapore-based companies are regular participants in Pertamina’s tenders for the purchase of petrol and crude oil.

At the end of February, the Indonesian Attorney General’s Office arrested and announced charges against five executives who work at subsidiaries of the state-owned oil and gas giant Pertamina. A ...

Nine suspects linked to the Pertamina case have been arrested, potentially undermining Prabowo’s efforts to combat corruption.

Indonesia's Attorney General's Office late on Monday arrested three executives at units of national energy company Pertamina over alleged corruption relating to oil imports that cost the state $12 ...

Indonesia's Attorney General's Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost the state $12 ...

Edgar Saavedra-led firm Citicore Renewable Energy Corp. (CREC) is set to gain a massive boost through a P6.7-billion investment deal with a subsidiary of Indonesian state-owned energy giant Pertamina, ...

JAKARTA : Kilang Pertamina Internasional, refinery unit of Indonesia's state owned energy firm Pertamina, aims to produce its first certified sustainable aviation fuel (SAF) in the first quarter ...

PT Pertamina entered an MOU with PT Gapura Mas Lestari for supply of biogenic feedstock to support the second phase of a renewable fuels production unit at PT KPI's Cilacap complex in Central Java.