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Hashim S. Djojohadikusumo


Nations Petroleum Company Ltd

HQ Phone:  (403) 206-1420


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Nations Petroleum Company Ltd

Suite 750 255 - 5Th Avenue S.W.

Calgary, Alberta,T2P 3G6


Company Description

Nations Petroleum is a privately held company; financial information is not publicly available and is disclosed only on an as needed basis to shareholders, investors or other appropriate business partners once proper confidentiality agreements have been execut...more

Background Information

Employment History



President Director

P.T. Adaro Indonesia

Deputy Chairman

Great Indonesia Movement Party

Owner of PT Media


Executive Producer

Merah Putih

Chairman and President

Nations Energy Company Ltd




own Hashim Djojohadikusumo Family Foundation


Arsari Group


Institute for the Preservation of the Indonesian Heritage

Board Member


Member of the Board of Patrons


Bachelor of Arts Degree

Political Science

Pomona College

Web References(68 Total References)

About Nations Petroleum - Management

www.nationspetroleum.com [cached]

Hashim Djojohadikusumo, Chairman

Nations Petroleum Business

www.nationspetroleum.com [cached]

Nations Petroleum continues its commitment to community support that was established by our Chairman, Hashim Djojohadikusumo.
Nations Petroleum contributed to the SOS Children's Village in Indonesia during a fund raising activity held in Jakarta, initiated by our Chairman Hashim Djojohadikusumo.

About Nations Petroleum - Hashim Djojohadikusumo

www.nationspetroleum.com [cached]

About Us -Hashim Djojohadikusumo - Forbes Asia Article Janurary 18 2010.
Hashim Djojohadikusumo returns to Indonesia after a post-Suharto exile. It was January 1988 and Hashim Djojohadikusumo was bound for Moscow. Keen to deepen ties with the U.S.S.R., Indonesia's President Suharto had handpicked 12 business leaders to send on a high-level trade mission. Hashim quizzed Indonesia's foreign minister about Russia's weather. "I asked him, 'How cold is it in Moscow?' He didn't tell me. It was --22 degrees," he says with a smile. At the end of the week-long mission 11 of the dozen went back to making money in the balmier climes of Indonesia, then in the throes of rapid industrialization. Only Hashim stuck around. He opened offices in Moscow and other cities to barter goods from home and befriended cash-strapped Communist bosses in resource-rich corners of central Asia. These forays would lead Hashim in 1997 to the smartest deal of his career: the purchase of a Soviet-era oilfield in Kazakhstan. With a group of Canadian investors he paid $88 million for Karazhanbas. Three years ago it was sold to China's Citic Group for $1.9 billion. The next day he went sunbathing at the Shangri-La Hotel in Singapore. It was a reversal of fortune for Hashim, who had lost his sprawling conglomerate and his political patrons in the 1997--98 financial crisis. He spent several years in the wilderness as post-Suharto Indonesia struggled to find its footing. Today it has emerged stronger and more confident, eyeing a role in a new Asia-driven economic era. Thanks to Kazakhstan, Hashim is once again cash-rich and ready to play--he appeared on FORBES ASIA's list of Indonesia's 40 Richest last month, with an estimated net worth of $500 million--and in a country that is no longer under the thumb of a dictator and his family. In further rebuilding his empire he must show he's still bankable without being on the political inside track. U.S.-educated, Hashim is 55 now and weathered a bit by the crisis that toppled his highly leveraged $7 billion Tirtamas Group. Creditors eventually walked away with its four banks, a cement factory, a petrochemical complex and a coal-fired power station, a typical grab bag of Indonesian conglomerate holdings. But Hashim surrendered much more than his equity. The fall of Suharto in May 1998 amid anti-Chinese rioting was a personal disaster for Hashim's older brother, Prabowo Subianto. An ambitious army general married to Suharto's second daughter, Prabowo became a fall guy for the regime. Accused of fomenting violence, Prabowo was stripped by then army commander Wiranto of his rank in August 1998 and fled into exile in Jordan. Hashim left, too, moving to Geneva in 1999. He spent the next seven years in Europe, while trying to rescue his crumbling conglomerate at home. Friends warned him to stay away. During a visit to Jakarta in 2002, he was jailed for two weeks on corruption charges over a bank loan of $400,000, charges that were later dropped. Now he's back, as is Prabowo, who has dived headlong into Indonesia's reconstituted politics. With funding from Hashim, Prabowo ran in July for vice president on the ticket of former leader Megawati Sukarnoputri. It finished second to that of incumbent President Susilo Bambang Yudhoyono. Hashim didn't lose everything after 1997. He and his family still own a palm-oil estate and mill in Sumatra and he and his brother have a pulp mill in Kalimantan. He is priming land holdings for agri-business, a sector that Hashim sees as key to his nation's prosperity. "Indonesia should be an agricultural exporting country. We are importing everything," he exaggerates, taking a dig at Yudhoyono. Hashim's first big deal came in 1988, when he took over a U.K.-owned cement company. In that deal, as in subsequent ones in the 1990s, he worked his family connections to get the necessary government approvals and access to easy credit. He was not only the son of a renowned economist and cabinet minister, Sumitro Djojohadikusumo, but also enlisted his sister-in-law, Siti Hediati Harijadi, as a co-investor in several projects, and his ambitions began to soar. It's not hard to see why other tycoons were jealous of Hashim, who was described in a 1993 profile as "cherub-faced" and still doesn't look his age. He defends his record and says his competitors also cut deals with Suharto's children. Hashim also stood out as a pribumi, an indigenous Indonesian, in contrast to the ethnic-Chinese business class that thrived under Suharto. But longtime associates insist that he never played the race card, unlike other pribumi tycoons who lobbied for government favors and debt forgiveness on account of their ethnicity. A Christian convert, he is strongly secular. One reason is that Hashim, the consummate insider, knows what it's like to be an outsider. His exile was a virtual rerun of his father's flight from Indonesia after a failed anticommunist uprising in 1957, which meant that Hashim and Prabowo grew up in Europe and the U.K. In 1968 his father, Sumitro, was invited back to advise Suharto, and the family was rehabilitated. To his credit Hashim labored to restructure his debt mountain. "For the first seven years [after the crisis] coming to Indonesia was a holding operation, a surviving operation," he says. Not everyone went this route: Several Indonesian tycoons slunk away without paying and went on the lam in Singapore. In 2005 Hashim reached a final deal with government creditors. By then his prize assets had been sold, liquidated or taken over by other shareholders. Net of debt, the sale to Citic in 2006 yielded $1.6 billion, says Hashim. As chairman he collected the largest share (he won't say how much, but says a Jakarta analyst's estimate of $600 million is incorrect). It was sold two years before oil peaked, but Hashim was happy with his timing. "No regrets," he says. Hashim says the company's cash has been depleted by exploration costs, though he is cagey on how much is his. During a two-hour interview in a Jakarta hotel cafe, he estimates his total global assets at "about a billion. When the debt went unpaid, the wealthy Sampoerna family wanted to buy it, according to a banker, but a sale was narrowly averted in 2007 when Hashim refinanced the loan. Hashim owns two-thirds of Tidar Kerinci, which can produce from a 30,000-hectare (75,000-acre) concession. He also has a 700,000-hectare forest concession in Kalimantan, where he wants to plant palm sugar, and other landholdings in Papua. Eventually he wants to produce soy and maize, two commodities in which Indonesia is aiming to be self-sufficient by 2014. Hashim is firm on where he doesn't want to risk his capital, namely in industries where government regulators call the shots. He hasn't forgotten Paiton, a scandal-ridden $2.5 billion power plant in East Java in which ge, Edison Mission and Mitsui were partners, along with Hashim and Hediati, his influential sister-in-law. "I don't ever want to be in a business selling to the government only. ... It depends who's in power. If the government in power is unfriendly to the power station, it can make things difficult," he says. Skeptics say that Hashim would have changed his tune if 2009's elections had turned out differently. That they didn't is arguably a sign that democracy is working in Indonesia, albeit imperfectly. In a bid to erase his Suharto-era image as a snarling general, Prabowo ran a flashy, U.S.-style tv campaign that cost over $50 million, according to official disclosures that likely understate the total, but netted only 26 parliamentary seats, or less than 5%. His ticket did sneak in ahead of another with Wiranto, Prabowo's old foe. Both brothers have complained of systematic electoral fraud; Hashim says that it would have been cheaper to buy votes, as he alleges other candidates did. Hashim, he adds, wavers between naïvete and suspiciousness and "has the memory of an elephant." He certainly remembers his past treatment by the Western press, expounding at length to FORBES ASIA on the omissions in a decade-old story on Paiton by an American newspaper reporter whose name he still remembers. Hashim, an avid collector of antiques, is also smarting over a scandal involving smuggled Javanese statues that he bought from a Dutch art dealer in 2006. A provincial court acquitted him in January of knowingly receiving stolen goods. He claims the case was cooked up to smear h


www.merahputihthefilm.com [cached]

Hashim Djojohadikusumo

About Nations Petroleum - Hashim Djojohadikusumo

www.nationspetroleum.com [cached]

About Us -Hashim Suyono Djojohadikusumo , Chairman of the Board
Hashim Suyono Djojohadikusumo - Mr. Djojohadikusumo is an Indonesian entrepreneur and successful businessman, educated in the United Kingdom and the United States, graduating in 1976 from Pomona College in Claremont, California with a Bachelor of Arts Degree in Political Science. He is the son of the late prominent economist and former Indonesian Finance and Trade Minister, Professor Sumitro Djojohadikusumo. From 1976 to 1978, he worked at the investment bank Lazard Frères et Cie, in Paris, France.

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Nations Petroleum Company Ltd


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