Indonesia and Turkey agreed US$520 million or Rp6.9 trillion investments last week, the Investment Coordinating Board chairman Thomas Lembong said. The agreement includes cooperation in the field of energy and air transport, according to Thomas. “State-owned PT Perkapalan Indonesia has … Continue reading →
The Energy and Mineral Resources Ministry held for the first time a breakfast meeting on Friday with 52 oil and gas firms in order to lure them to join the auction for 15 working areas amid sluggish investment in the … Continue reading →
Investment in the upstream oil and gas sector in the first half of 2017 reached US$3.98 billion, accounting for 29 percent of work program and budget set at US$13.8 billion, the Upstream Oil and Gas Regulatory Special Task Force (SKK … Continue reading →
The Financial Services Authority (OJK) stated that the government has high hopes that the capital market industry can contribute to the development of infrastructure in the country with long-term funding. “We have a strong foundation to support the government in … Continue reading →
South Korean LG International and local firm PT Duta Firza are conducting a feasibility study on a potential US$1.3 billion petrochemical factory in Bintuni, West Papua, near the gas-rich Bintuni and Masela blocks in Maluku, which would provide raw material … Continue reading →