King Salman bin Abdulaziz al-Saud State-owned met with President Joko Widodo at the Bogor Palace yesterday. In the meeting, Saudi Aramco agreed to invest USD6 billion or roughly IDR80.1 trillion. Foreign Minister Retno Marsudi said that Jokowi has welcomed the … Continue reading →
The Indonesian government is committed to strengthening economic partnership with Iran as is reflected by the visit of Indonesias Chief Economic Minister Darmin Nasution along with his entourage on February 26-27, 2017. The office of the chief economic minister noted … Continue reading →
State oil and gas company Pertamina is currently looking for strategic partners and investors to develop the Grass Root Refinery (GRR) project in Bontang, East Kalimantan. The refinery is expected to be fully operational by 2023 at the latest. The … Continue reading →
Indonesia has a huge potential for investment in renewable energy, especially for waste and geothermal energy, according to the Energy and Mineral Resources Ministry. “There are 13 regions in Indonesia which have geothermal energy potential,” the ministrys Director of Geothermal, … Continue reading →
The Investment Coordinating Board (BKPM) has launched a three-hour service for obtaining nine licenses connected to energy and mineral resources. The government is encouraging large investments in the energy and mineral resources sectors this year, said BKPM head Thomas Lembong. … Continue reading →