SOE Minister Erick Thohir believes PT Pertamina can compete as one of the world's largest companies.

"I am optimistic that Pertamina's performance can be even better. And the frame for Pertamina is to compete with competitors at the world level. Because Pertamina has all the requirements, both quality and capability, to support it as one of the world's big companies," Erick said in a statement on Monday. Jakarta, Tuesday (3/8).

In its latest release, Fortune 500 places Pertamina in the 287th rank with a revenue rating of around US$49.469 billion.

According to Erick, the world's acknowledgment of Pertamina's existence is evidence of ongoing organizational reforms. One of the changes considered important as implementing the company's core values ​​is that we're trustworthy, competent, loyal, adaptive, and collaborative.

"So far, Pertamina has never been short of qualified resources. However, resourc