Jakarta, CNBC Indonesia – In line with the restructuring that has been going on for the past year, PT Pertamina (Persero) has succeeded in reducing inventory costs to 47.9 million barrels or equivalent to US$3.1 billion. Previously, in 2020 the total was 80 million barrels or the equivalent of US$5.2 billion. So there is a 40 percent decrease in costs or US $ 2.1 billion that can be used for other activities.
The savings are obtained from operational integration efforts that have been running at Pertamina’s Directorate of Logistics and Infrastructure at the holding level. The strategic role as an operational integrator is to ensure the distribution of energy to all corners of the country runs safely and smoothly.
As an operational integrator, all assignments from the government to Pertamina start from the distribution of certain types of fuel (JBT) and special types of fuel assignments (JBKP), distribution of 3 kg LPG to the community, distribution of 1 price fuel, construction of fuel/LPG infrastructure in Indonesia. Eastern Indonesia, and gasification at 56 PLN power plants, must be ensured to run well.
With this task, the Directorate of Logistics and Infrastructure must ensure the reliability of all infrastructure and distribution networks owned by the holding so that they can run synergistically amidst the ongoing restructuring.
“This is a concern for us so that each subholding, subsidiary and affiliate does not run independently. Everything must be inline because currently the infrastructure we run must be in accordance with market needs and energy mix,” Director of Logistics & Infrastructure Pertamina Mulyono.
Mulyono continued, the balance between community service and optimization of profit targets for Pertamina must be met, by reducing costs, synergies, and optimizing all subholdings.
According to him, each subholding must be independent and agile to make effective and efficient decisions. The note is that subholding must focus on efficiency, but this efficiency must still provide benefits for the Pertamina Group.
Pertamina through the Directorate of Logistics & Infrastructure also continues to accelerate and synergize for the assignment of government projects and the development of energy distribution infrastructure. Not only fast, the project must also support the domestic industry with the absorption of the Domestic Component Level (TKDN) according to the target.
“We also have to ensure that the government’s assignment related to TKDN absorption must be on target. In 2020, the target for implementing TKDN is 25 percent and 2021 is 30 percent. Currently, Pertamina Group is able to realize TKDN above 50 percent,” said Mulyono.
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