Pertamina International Timor SA (PITSA) is one of Pertamina’s Subsidiary, operated in Timor Leste (Republica Democratica de Timor Leste) started at November 1st 2015 .
PITSA continuing Pertamina business in Timor Leste previously run by Pertamina Marketing Representative Timor Leste (MRTL).
The Estasblishement of PITSA is to comply with Timor-Leste’s downstream regulation – Decree law No 1/2012 particularly Article 9 that enforces all downstream companies to have at least 5 % local participating interest.
PITSA shareholders are : PT Pertamina Patra Niaga (Pertamina’s subsidiary), PT Pertamina Retail (Pertamina’s subsidiary), and 4 Consorsio Timor Progesso (Timor Leste’ company).
