1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder

It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Login | Tuesday, 03 October 2023 |

Sanction Compliance Commitment

The Company's Code of Conduct implies MedcoEnergi’s commitment to follow the applicable local and relevant international laws and regulations, including compliance to economic sanction and international trade competition laws. This commitment extended to our business partners, including joint venture partners, agents, distributors, representatives, contractors and suppliers.

Prior 2016, our sanction compliance program has been built in Corporate-level through due diligence exposures. As our business grows and assets are continuously expanding, following sanction compliance in conducting business becomes more imperative as part of our Ethical commitments. Hence, as a part of the 2018 MedcoEnergi Sustainability Report’s Action Plan, we have established the Corporate Sanction Compliance Policy effective in 1st September 2021.

Our Corporate Sanctions Compliance Policy enforces to conduct sanction screening as a part of business process and/or through due diligence process in dealing with potential counterparties or business transactions with particular risk profile.