Pertamina Explores Business Collaboration Opportunities in Saudi Arabia
Riyadh – PT Pertamina International Exploration Production (PIEP), a subsidiary of PT Pertamina Hulu Energi (PHE) as Subholding Upstream Pertamina, is exploring opportunities for collaboration with a number of leading companies in Saudi Arabia, 19 October 2023.
Present at the Working Visit of the President of the Republic of Indonesia, the President Director of PIEP, Jaffee A. Suardin, who represented the CEO of Pertamina in "The Saudi - Indonesian Investment Roundtable," which will be held by the Ministry of Investment Saudi Arabia (MISA).
The Saudi - Indonesian Investment Roundtable is a platform designed to facilitate dialogue and cooperation between Indonesian and Saudi Arabian companies. This activity will present 25 leading companies from Saudi Arabia, representing various diverse economic sectors. This event aims to promote investment opportunities and business cooperation between the two countries, with a focus on strategic projects.
PIEP focuses on developing oil, natural gas and energy potential as well as managing foreign assets, seeing this agenda as an important opportunity to explore business cooperation in Saudi Arabia.
Jaffee A. Suardin stated, "we are enthusiastic about attending The Saudi - Indonesian Investment Roundtable. As a company that plays an important role in the development of the international energy sector, PIEP is committed to building strong relationships with our business partners in Saudi Arabia . We believe in good collaboration can bring significant economic benefits to both countries."
PIEP's commitment to support the development of the energy sector in order to support the resilience of national energy independence funds, is realized in a spirit of collaboration with international companies, one of which is Saudi Arabia. This is a strategic step that will provide great benefits for both countries.
During this visit, the President Director of PIEP and representatives of leading Indonesian companies also had the opportunity to meet company leaders from Saudi Arabia, share visions and business opportunities, and explore investment potential and mutually beneficial collaboration. It is hoped that this visit will pave the way for a significant investment project between Indonesia and Saudi Arabia, which is in line with the spirit of Bring the Barrel Home and strengthens PIEP's global footprint on the international stage.
