The Energy and Mineral Resources Ministry has issued Ministerial Decree No. 47/2017 on the mechanisms of investment return in upstream oil and gas business to amend the previous Decree No. 26/2017 on the same matter. The decree, signed by Energy … Continue reading →
The Surabaya-Madura Development Agency (BPWS) held the Suramadu Investment Gathering at the Investment Coordinating Board’s (BKPM) building in Jakarta, July 31. The event was held as the central government’s form of support to regional governments to spur investments. The gathering … Continue reading →
The government will auction off six geothermal projects worth $1.02 billion in September to expand Indonesia’s renewable energy capacity as part of its plan to become the world’s largest geothermal producer. Local companies and foreign investors from the United States, … Continue reading →
The government will pitch East Natuna block to investors following the withdrawal of contractor Exxon from a consortium comprising state-owned Pertamina and Thailand-based PTT EP. “We will offer it to anyone interested. Whoever shows interest in East Natuna [will be] more than … Continue reading →
Transport Minister Budi Karya Sumadi has asked Japan to speed up implementation of the Patimban port project in Subang, West Java. “We know the port is very important. Japan always is very careful in taking every step in a cooperation … Continue reading →