MANILA, Philippines — 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.

MANILA, Philippines -- Citicore Renewable Energy Corp. (CREC) has formalized its $120-million partnership with Indonesian state-owned energy giant Pertamina. This paves the way for the listed ...

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 ...

Pertamina’s losses continued because this state oil company is alleged to have sold this refined oil at below market price. This included to Adaro Minerals, a subsidiary of Adaro Energy, an energy ...

Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion corruption inquiry involving state-owned oil giant PT Pertamina.

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 ...

A US$12 billion corruption scandal at Indonesian state-owned energy giant Pertamina has triggered widespread outrage that threatens to dent public trust in President Prabowo Subianto’s ...

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 ...

It will produce SAF using the treated distillate hydro treating unit at its Cilacap refinery. "KPI is ready to move forward by producing the first ISCC-certified Pertamina SAF in Indonesia and in ...

Indonesia’s state-owned PT Pertamina has entered a memorandum of understanding (MOU) with PT Gapura Mas Lestari (PT GML) for supply of biogenic feedstock to support the second phase of a ...

2023 was a pretty good year for Indonesia’s state-owned oil and gas giant Pertamina. The firm posted a net profit of $4.8 billion and paid its sole shareholder – the government of Indonesia ...

Pertamina's first female CEO, who led the company between 2009 to 2014, Agustiawan was found guilty of improperly signing a long-term sales and purchase contract with Corpus Christi, a deal that ...