Indonesia secured US$ 111.08 million of investment at the 42nd Indonesian Petroleum Association, said a senior official in Jakarta, on Friday (4/5).
President Joko ‘Jokowi’ Widodo on Tuesday (2/5) criticized on the country’s red tape on oil and gas industry stalling its development.
President Joko ‘Jokowi’ Widodo on Wednesday (2/5) instructed ministry of energy and mineral resources to cut regulation hampering investment in oil and gas industry.
Deputy Minister of Energy and Mineral Resources (ESDM), Archandra Tahar, said new and renewable energy development was no longer an option but necessity.
President Joko ‘Jokowi’ Widodo said that 35.000 MW power plants development is still far from target.
Amid increasing development for renewable energy and abandoning fossil fuel in US, India, China, and Germany, instead, Indonesia announced coal as primary energy in the country.