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 →
President Joko Widodo alias Jokowi has warned his ministers to revise regulations that hamper investment. He pointed to the example of a regulation issued by the Environment and Forestry Ministry and Energy and Mineral Resources Ministry that was not responded well … Continue reading →
The government, through the Industry Ministry, has approved the expansion plan for a nickel industrial estate in Konawe, Southeast Sulawesi, and plans to issue the permit in the near future. The ministry’s Directorate General of Development for Industrial Areas, Imam Haryono, said … Continue reading →
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 →
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 →