Is Pertamina a monopoly?

Is Pertamina a monopoly?

The Pertamina monopoly used a model called the production sharing contract. It was introduced in Indonesia in the 1960s and is now used for oil and gas contracts by around 40 developing countries in Africa, Central Asia and Southeast Asia.

Is Pertamina a government?

Based on Government Regulation No. 31 of 2003 dated 18th June 2003, the State Oil and Natural Gas Mining Company changed its name to PT Pertamina (Persero) which engaged in oil and gas business activities from the Upstream Sector to the Downstream Sector.

Who controls Pemex?

the Mexican government
Pemex (a portmanteau of Petróleos Mexicanos, which translates to Mexican Petroleum in English; Spanish pronunciation: [ˈpemeks]) is the Mexican state-owned petroleum company managed and operated by the Mexican government.

Is Pemex still a monopoly?

Pemex, Mexico’s state-owned petroleum company, has enjoyed a monopoly on petroleum for the past 8 decades, but its last monopoly—retail gas—has now been broken.