In 1950, Pertamina was established by the Dutch to exploit Indonesia's oil and gas resources. The company was founded as a joint venture with Royal Dutch Shell and Standard Oil of California.
Pertamina has been an important part of Indonesia's economy for the past 60 years. It is also one of the most valuable companies in Southeast Asia with a market capitalization at $17 billion USD as of January 2018. The company is involved in exploration, production, refining, transportation and marketing of oil and gas products.
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