InvestmentsTop Global NewsMarketsReal Estate Indonesia’s Pertamina shipping unit to spend US$4 billion on upgrades By financialnews_rlv83x - June 25, 2021 0 240 Indonesia’s state oil company Pertamina’s new unit, Pertamina International Shipping (PIS), is looking to spend US$4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.