Refinery and petrochemical arms of State energy company Pertamina, PT Kilang Pertamina Internasional (KPI), has acquired a 14 percent stake in PT Patra SK, a base oil lubricant company, from SK ENMOVE Co., Ltd, a move meant to create stronger integration within its supply chain and production.
"With this share acquisition, Patra SK is now owned by three business entities: KPI, Pertamina Patra Niaga, and SK ENMOVE," KPI’s Acting Corporate Secretary, Milla Suciyani, said as quoted in a statement on Tuesday, August 19, 2025.
She cited that this acquisition is part of a strategic corporate move to strengthen the company's business chain. In addition to strengthening existing business lines by increasing the capacity of existing refineries and building new refineries, KPI is also pursuing an acquisition strategy.
"KPI has played a crucial role in providing raw materials and supporting utilities for PT Patra SK, which produces the primary raw materials used to make lubricants or lube base oil. KPI's input as an owner will certainly further strengthen KPI's business portfolio," Milla said.
She added that this acquisition is part of KPI's strategic plan to maximize value and strategic synergies in the refinery industry and support national energy independence. With KPI's entry as a shareholder, the collaboration in Patra SK is expected to strengthen Pertamina's overall position, both operationally and financially.
Milla also added that this share purchase will have a significant impact on both KPI and Pertamina. One of these is the opportunity to expand its market, not only domestically but also internationally.
"With this acquisition, KPI has the opportunity to explore and increase the value of our products, and then jointly enter markets, both domestically and internationally," she concluded.
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