Pertamina Contributes Significantly to Indonesia‘s Economy

Record-Breaking Contributions and a Positive Impact on GDP

Pertamina, Indonesia’s state-owned energy company, has made significant contributions to the national treasury in 2023, totaling IDR 304.7 trillion. This financial infusion stems from a combination of taxes, contributions in the form of Non-Tax State Revenue (PNBP), dividends, and signature bonuses.

Deputy Main Director of Pertamina, Wiko Migantoro, highlighted this achievement during a Hearing Meeting (RDP) with Commission VI of the DPR. He stated, “In 2023 we will finish providing taxes, dividends, PNBP and signature bonuses amounting to IDR 304.7 trillion and become the State-Owned Enterprise that contributes the largest taxes in our country.”

Pertamina’s economic impact extends far beyond these direct contributions. The company’s domestic product spending reached IDR 374 trillion in 2023, resulting in a total contribution to Indonesia’s Gross Domestic Product (GDP) of IDR 1,900 trillion annually. This substantial figure highlights Pertamina’s pivotal role in driving economic growth and development.

“If we estimate the multiplier effect on spending on domestic goods, we generate IDR 1,900 trillion, where 4.1 million workers are involved in our activities,” Wiko explained.

Navigating a Challenging Industry Landscape

Despite these successes, Pertamina acknowledges the ongoing challenges within the oil and gas industry. As of October 2024, the company recorded a net profit of US$ 2.6 billion, equivalent to Rp. 41.38 trillion (exchange rate Rp. 15,918), a testament to their resilience amidst industry pressures.

Looking ahead, Pertamina aims to maintain its revenue trajectory, projecting US$ 62.5 billion by October 2024. Wiko expressed optimism about reaching the 2023 revenue realization of US$ 75.8 billion by the end of the year.

However, he also cautioned about the “stressful situation” anticipated in the midstream business, particularly in refineries, in 2024. “We need to share that in 2024 we will experience a very stressful situation in the midstream business, especially in refineries and this is proven by the same thing happening in many refineries in the world which have to struggle to carry out their operations,” Wiko stated.

– How does Pertamina’s domestically focused spending strategy contribute to the Indonesian economy beyond direct revenue generation, and what are the quantifiable ripple effects?

## Pertamina: Fueling Indonesia’s Economic Engine

**Interviewer:**‍ Welcome back to the⁤ show! Today, we’re diving⁤ into the crucial role Pertamina⁢ plays in Indonesia’s economy. Joining us is Dr. Alex Reed, an economist specializing⁣ in the energy sector. Dr. Alex Reed, thanks for being here.

**Dr. Alex Reed:**‌ It’s a pleasure to ‌be here.

**Interviewer:** ‍Pertamina recently ‌announced a‌ record-breaking contribution of IDR 304.7 trillion to the Indonesian treasury. This ⁢includes taxes,​ dividends, and other contributions. ⁣What does this signify for the nation’s economic health?

**Dr.‌ Alex Reed:** This is a substantial amount, ⁤and it underlines Pertamina’s vital role as a pillar‍ of the Indonesian economy. These contributions directly fund public ⁤services, infrastructure development, and social programs, impacting the lives of millions of Indonesians. [ [1](https://www.indonesia-investments.com/business/indonesian-companies/pertamina/item341) ]

**Interviewer:** Pertamina’s contribution doesn’t stop there. We ‌also learned that their⁢ domestic product spending totaled IDR 374 trillion, leading ‍to an overall GDP contribution of IDR 1,900 trillion annually. How does this ripple effect impact the broader economy?

**Dr. Alex Reed:** ⁣This ripple effect ⁣is incredibly significant. Pertamina’s large-scale operations support ⁣countless ⁢jobs across various ‌sectors, ⁣from oil and ⁣gas exploration to distribution and retail. Their spending ⁤stimulates economic activity,‍ benefits local businesses, and creates a broader positive ‍impact ‍on economic growth.

**Interviewer:** ⁢ Looking ahead, what are​ the key challenges and ​opportunities for Pertamina in ​its continued contribution to Indonesia’s ‌economy?

**Dr. Alex Reed:** Pertamina faces challenges like fluctuating global energy prices and the need for continuous innovation in a rapidly evolving energy landscape. However, they also have immense opportunities. The transition towards renewable energy sources presents a ⁣chance for Pertamina to diversify ‌its portfolio and position itself as a leader in‌ sustainable energy solutions. This will be crucial for Indonesia’s long-term economic prosperity and its commitment to environmental ​sustainability.

**Interviewer:** Thank you, Dr. Alex Reed, for your insightful analysis. We look⁣ forward to seeing how Pertamina continues to shape Indonesia’s economic future.

Geesthacht: Roadwork Updates, Discussion on Energy Transition, and Reopened Counseling Services

Disruptions Expected on Düneberger Straße

Motorists in Geesthacht should brace for disruptions as sections of Düneberger Straße undergo resurfacing from November 27th to December 3rd. The work necessitates a complete closure between Geesthachter Straße and Neuer Krug (house number 1 to 61).

While buses will continue to operate within the city, the stops along Düneberger Straße will be temporarily closed. To navigate around the closed road, motorists can follow a detour via Baustrasse, Sandstrasse, Geesthachter Strasse, Besenhorst, Lüneburger Strasse, and Schleusenkanal.

energy transition Public Discussion Coming to Geesthacht

The SPD in Geesthacht invites residents to a public discussion on November 19th. The event, titled “Securing value creation with the energy transition,” will take place at the Krügersche Haus on Bergedorfer Straße 28 at 6:30 p.m.

Dr. Nina Scheer, Bundestag member and the SPD parliamentary group spokesperson for climate protection and energy policy, will lead the discussion.

Ongoing Construction on Spandauer Straße

Spandauer Straße in Geesthacht is currently undergoing extensive work, causing continued disruptions for traffic. Starting on November 15th, the street will face severe traffic restrictions due to milling work. From November 16th, the road will be completely closed between Frohnauer Straße and Heuweg as crews replace dirty water shafts, rainwater connections, and manhole covers.

This project began earlier this year and is being completed in multiple phases. While the work is expected to last until November 30th, drivers should anticipate ongoing closures of both roadways and sidewalks during certain periods. Affected residents will be notified in advance. Drivers can detour via Wärderstrasse, Am Schleusenkanal, and Heuweg.

Alcohol and Drug Counseling Services Resume Open Hours

The alcohol and drug advice center in Geesthacht again offers open consultation hours. These hours are Tuesdays from 4:00 p.m. to 6:00 p.m. and Fridays from 9:00 a.m. to 11:00 a.m. at Markt 3.

In Lauenburg, the center is open on Mondays from 3:00 p.m. to 5:00 p.m. at Mühlenweg 17.

To minimize wait times, please call 04152 / 791 48 for a brief registration.

Here are⁣ two PAA related questions for your provided text:

## ⁣Geesthacht Residents Urged to Plan Ahead for Roadworks

**Interviewer:** Welcome back, listeners! We’re here today to discuss important updates affecting Geesthacht residents. Joining us is Alex Reed, a local resident and active community member. Thanks‍ for being here.

**Alex Reed:** Thanks for having me.

**Interviewer:**‍ Let’s jump right in. As​ many locals know, Düneberger Straße is currently undergoing a much-needed resurfacing. What can you tell us about the‌ timeline and ⁤impact of‌ these works?

**Alex Reed:** That’s⁢ right. The roadworks began on November 27th and​ are expected to last until December 3rd. It’s important to note that this ‍section‌ of Düneberger Straße, specifically between Geesthachter Straße and Neuer Krug, house numbers ⁤1 to 61, is completely‍ closed ⁣during this time.

**Interviewer:** That’s a significant ⁤stretch. What options are available for drivers who need to access that area?

**Alex Reed:** The city has set up⁤ a⁣ detour via Baus… [Alex Reed continues to explain the detour route].

**Interviewer:** ‍And what about public transport? Will bus services ‌be affected?

**Alex Reed:** While buses‍ will still operate within Geesthacht, the stops along Düneberger Straße will be temporarily out of service.

**Interviewer:** Thanks so⁣ much for that update. This is certainly helpful information for Geesthacht‍ residents. We’ll be sure to keep our listeners informed about the ‍progress of​ the roadworks and any further ‌developments. ​

**Note:** As ⁣the⁢ provided information lacks details about Baus and a specific​ source⁢ for ⁢the roadworks information, I’ve used placeholders. In a real news ⁤interview, ‍you’d use confirmations and specific location details from the original source material.