On 10 December 1957, the Company changed its name to PT Perusahaan Minyak Nasional, abbreviated to PERMINA. This particular moment was eventually commemorated as the official establishment date and year, or inauguration of PT Pertamina. In 1960, PT Permina was changed to a Stateowned Company PN Permina. Then, PN Permina merged with PN Pertamin to become PN Pertambangan Minyak dan Gas Bumi Negara (Pertamina) on 20 August 1968.
Later, through Law No.8 of 1971, the government stipulated that the role of Pertamina was to produce and process oil and gas from oil fields as well as to fulfill the national demand for oil and gas throughout Indonesia. The government through Law No.22 of 2001 changed Pertamina’s status to perform Public Service Obligation (PSO) through its business activities.
Based on PP No.31 Year 2003 dated 18 June 2003, the State Oil and Gas Mining Company changed to be PT Pertamina (Persero) which engaged in oil and gas business activities in Upstream Sector up to Downstream Sector. On 10 December 2005, Pertamina changed its seahorse emblem with an arrow and base colors of green, blue and red to reflect dynamic elements and environmental awareness. On 20 July 2006, PT Pertamina (Persero) transformed the Company’s fundamentals and businesses and officially on December 10, 2007, changed its vision to, “To Be a World Class National Oil Company”. Then in 2011, Pertamina perfected its vision to, “To Be a World Class National Energy Company”. Pertamina, through an EGMS on 19 July 2012, changed its vision, issued capital/paid up capital, as well as increased the Company’s business activities.
On 20 July 2006, PT Pertamina (Persero) transformed the Company’s fundamentals and businesses and officially on December 10, 2007, changed its vision to, “To Be a World Class National Oil Company”. Then in 2011, Pertamina perfected its vision to, “To Be a World Class National Energy Company”. Pertamina, through an EGMS on 19 July 2012, changed its vision, issued capital/paid up capital, as well as increased the Company’s business activities.
Meanwhile on 14 December 2015, Minister of SOE as GMS approved Pertamina’s Articles of Association in terms of resource utilization optimization, increasing on the issued and subscribed capital by the state as well as Board of Directors’ actions that require written approval from Board of Commissioners. These changes have been stated in Deed No. 10 dated 11 January 206 of Notary Lenny Janis Ishak, SH.
On 24 November 2016, the Minister of SOE as GMS in accordance with Decree No. S-690/MBU/11/2016, approved the amendment Pertamina related to the composition of the Board of Directors and the Board of Commissioners, the authority on behalf of the Director, the division of tasks and authority of the Board of Directors, meeting attendance Directors and Board of Commissioners.
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