BPN meaning in Regional ?

Answer:

What is Balikpapan, Indonesia mean?

Balikpapan is a seaport city in East Kalimantan, Indonesia. Located on the east coast of the island of Borneo (Kalimantan), the city is the financial center of Kalimantan and the main gateway to the new capital of Indonesia. Balikpapan is the city with the largest economy in Kalimantan with an estimated 2016 GDP at Rp 73.18 trillion. The city has both the busiest airport and seaport in Kalimantan, namely Sultan Aji Muhammad Sulaiman Sepinggan Airport and Port of Semayang. With a population of 688,318 as at the 2020 Census, Balikpapan is the second most populous city in East Kalimantan, after Samarinda. Balikpapan has been consistently ranked as one of the most liveable cities in Indonesia.

Balikpapan was originally a fishing village built by Buginese people in the 19th century. The first oil drilling began in Balikpapan on 10 February 1897, which was later set as the anniversary of the city. In 1899, the Dutch East Indies colonial administration granted a township status to Balikpapan. In 1907, Bataafsche Petroleum Maatschappij (BPM) made the city as its headquarters and imported skilled laborers, engineers, and managers from overseas. Subsequently, numerous multi-national companies came to Balikpapan to invest in the oil industry. This resulted in the economic boom of Balikpapan and attracted many migrants and expatriates.

During World War II, the Empire of Japan occupied the city in 1942, as part of the occupation of Indonesia, and it was bombed by the Allies in first Balikpapan Battle in 1942 and second battle in 1945. The battles impacted critical infrastructure, including the oil refinery stations and seaport which were completely burned to the ground. Upon Indonesia's independence, BPM extended its activities in Balikpapan until 1965 when Pertamina, the Indonesian state-owned oil company, took control over the ownership of BPM and its oil exploration activities.

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