{"id":127144,"date":"2018-03-23T14:27:31","date_gmt":"2018-03-23T07:27:31","guid":{"rendered":"https:\/\/setkab.go.id\/?p=127144"},"modified":"2018-03-23T14:27:31","modified_gmt":"2018-03-23T07:27:31","slug":"pertamina-becomes-shareholder-at-pgn","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/pertamina-becomes-shareholder-at-pgn\/","title":{"rendered":"Pertamina Becomes Shareholder at PGN"},"content":{"rendered":"

\"kantor-pusat-pertamina\"<\/a>The Indonesian Government provides state capital injection for state-owned oil and gas company PT Pertamina to strengthen its capital and improve its capacity.<\/p>\n

The capital injection is derived from the transfer of all Series B shares in state-owned gas company PT PGN owned by the Indonesian Government to PT Pertamina.
\n
\nPreviously on 28 February, 2018 President Joko “Jokowi” Widodo signed Government Regulation Number 6 of 2018 on Additional State Capital Injection of the Republic of Indonesia to PT. Pertamina.<\/p>\n

The capital injection comes from the transfer of all Series B shares in National Gas Company (PT PGN) owned by the Republic of Indonesia to PT Pertamina. PGN’s status as a Limited Liability Company (Persero) is stipulated in Government Regulation Number 37 of 1994 on the Transformation from General Company (Perum) PGN into a Limited Liability Company (Persero).<\/p>\n

“The additional state capital injection is 13,809,038,755 (thirteen billion eight hundred nine million thirty eight thousand seven hundred and fifty five) Series B shares to PT Perusahaan Gas Negara Tbk which has been fully paid by the Government,” Article 2 paragraph (1) of this Government Regulation says.<\/p>\n

With the transfer of the series B shares, according to this Government Regulation, the Government exercises control over PT PGN through the ownership of two-color Series A shares. In addition, the state capital injection results in: a. PT PGN’s status that turns into a limited liability company which is a subject to Law Number 40 of 2007 on Limited Liability Company; and b. PT Pertamina which becomes Shareholder of PT PGN.<\/p>\n

“This Government Regulation shall come into force on the date of its promulgation,” article 6 of the Government Regulation states.<\/p>\n

The Government Regulation was promulgated by Minister of Justice and Human Rights Yasonna H. Laoly on February 28, 2018.<\/p>\n

\u00a0(*\/ES)<\/strong> (RI\/EP\/NASTER)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Indonesian Government provides state capital injection for state-owned oil and gas company PT Pertamina to strengthen its capital and improve its capacity. The capital injection is derived from the transfer of all Series B shares in state-owned gas company PT PGN owned by the Indonesian Government to PT Pertamina.<\/p>\n","protected":false},"author":43,"featured_media":127147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-127144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nPertamina Becomes Shareholder at PGN - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/pertamina-becomes-shareholder-at-pgn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pertamina Becomes Shareholder at PGN - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"The Indonesian Government provides state capital injection for state-owned oil and gas company PT Pertamina to strengthen its capital and improve its capacity. 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