PT Pertamina (Persero), formerly abbreviated from Perusahaan Pertambangan Minyak dan Gas Bumi Negara (lit. ‘State Oil and Natural Gas Mining Company’), is an Indonesian state-owned oil and natural gas corporation based in Jakarta.[2] It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957). In 2020, the firm was the third-largest crude oil producer in Indonesia behind US-based companies ExxonMobil’s Mobil Cepu Ltd and Chevron Pacific Indonesia.[3] In 2013, Pertamina was included for the first time in the Fortune Global 500 list of companies, ranked at 122 with revenues of $70.9 billion,[4] it was also the sole Indonesian company to be featured in the list.[5] According to the 2020 Fortune list, Pertamina is the largest company in Indonesia.[6]