Measuring Pertamina Durability
In the future, Pertamina’s sustainability position will be determined by how the management carries out extraordinary strategies. In the Russia-Ukrainian war, no one can predict when it will end, so Pertamina has now reached a period of crisis. A tough management model is needed.
Budget discipline is the key word. Networking capabilities with all partners need to be optimized to get all the resources needed. The government is also expected to speed up the process of disbursing subsidies to relax Pertamina’s financial management.
It is hoped that with the above steps Pertamina can continue to survive in the future. Don’t forget that Pertamina in 2021 will still be able to earn a profit of RpUS$ 2.05 billion or equivalent to Rp29.6 trillion. Hopefully, the 2021 performance can be an encouragement for Pertamina to continue to survive and grow.[]
Toto Pranoto – BUMNINC Expert Council
