Tag Archives: investment

Oil and Gas Investment in Indonesia Will Reach IDR 212 Trillion in 2023

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Total upstream oil and gas (oil and gas) investment in Indonesia in 2023 will reach 13.7 billion US dollars or the equivalent of IDR 212.87 trillion. This amount increased 13 percent from the previous year’s realization, higher than the long term plan ( LTP), and above the Global E&P investment trend. ” God willing, in 2024 our target is 17.7 billion US dollars. So, there will be a significant increase. “Hopefully everything will go well,” said Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto in a press conference at the beginning of the year at the SKK Migas … Continue reading →

Middle Eastern Investors’ Interest in Indonesia Still High: Minister

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Minister of Tourism and Creative Economy (Parekraf) Sandiaga Salahuddin Uno has said that the interest of Middle Eastern businesses in investing in Indonesia, including in its tourism sector, is still high. He made the remarks in reference to his visit to Dubai, the United Arab Emirates (UAE), and Jeddah, Saudi Arabia, some time ago, where he showcased investment opportunities in the tourism and creative economy sector. “From our visit to meet with several business people and entrepreneurs, they showed that interest in investing in Indonesia is still very high,” he informed during the “Weekly Brief with Sandi Uno” in Jakarta … Continue reading →

Hong Kong Investors Show Strong Appetite for Indonesia

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Many Hong Kong businesses of different sectors are seeking to expand to Indonesia, thus showing that the upcoming election has little effect on investors’ appetite, according to the region’s trade body representative. Government data shows that Hong Kong has never left the top 4 ranking for Indonesia’s largest foreign investors over the past years. It is likely that more Hong Kong investment will come to Jakarta in the future. Kevin Chiu, the director for Indonesia at the Hong Kong Trade Development Council (HKTDC), said that businesses had been asking how they could set up a company in the archipelagic country. … Continue reading →

3 Megaprojects Will Be Built in West Papua, Investing Hundreds of Trillions

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Indonesian President Joko Widodo (Jokowi) inaugurated the Tangguh Train 3 National Strategic Project (PSN) in Teluk Bintuni Regency, West Papua, on Friday (24/11/2023). On the same occasion, Jokowi also led the groundbreaking procession for the development of three upstream oil and gas megaprojects in West Papua. The three projects include: construction of Carbon Capture, Utilization and Storage (CCUS) in Ubadari Field, Kramomongga District, Fakfak Regency. Then, downstream Blue Ammonia , as well as the Asap-Kido-Merah (AKM) gas field. The investment value of all these projects reaches hundreds of trillions of Rupiah. The Indonesian Minister of Energy and Mineral Resources, Arifin … Continue reading →

Jokowi Discusses Potential Investment of US$15 Billion with Exxon

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Indonesia’s President Joko Widodo (Jokowi) met with Chairman of Exxon Mobil Corporation Darren Woods to discuss the company’s plan on investing as much as US$15 billion in the energy sector in Indonesia. During the meeting that took place in San Francisco, the United States, on Wednesday (November 15) local time, the president welcomed Exxon’s plan to invest its capital in the development of a green petrochemical refinery and carbon capture storage (CCS) facility. “I would like to appreciate the plan on the cooperation in developing a green petrochemical refinery and carbon capture storage facility, with the investment value reaching US$15 … Continue reading →

Indonesia in Pursuit of Dutch Semiconductor Investors

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Indonesia is trying to get some investors to invest in its semiconductor industry, and Jakarta recently took a shot at attracting Dutch investors. The Dutch top diplomat, Hanke Bruins Slot, visited Jakarta on Tuesday to meet her Indonesian counterpart Retno Marsudi. With the Netherlands being home to a well-developed semiconductor industry, Indonesia took the opportunity to get some potential Dutch investment. According to Retno, the Netherlands is already a major investor in Indonesia. And the archipelagic country wants the Netherlands to further expand its investment into other sectors. “The Netherlands is the largest investor from Europe contributing more than $15.5 … Continue reading →

The Largest in the World, This is the Solution to Extend the Life of Indonesia’s Nickel Reserves

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The Ministry of Energy and Mineral Resources (ESDM) claims that nickel commodity reserves in Indonesia are still the largest in the world or 23 percent of reserves on earth. This country’s nickel resources consist of 17.7 billion tonnes of ore and 177.8 million tonnes of metal, while its reserves total 5.2 billion tonnes of ore and 57 million tonnes of metal. In addition, there are a number of areas that are said to have nickel content, but have not been explored (greenfield). These areas are spread across the provinces of Southeast Sulawesi, Central Sulawesi, South Sulawesi, Maluku, North Maluku, Papua and West Papua. … Continue reading →

Industry Minister Discusses I-EU CEPA with French Trade Minister

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Jakarta – Industry Minister Agus Gumiwang Kartasasmita met Minister-Delegate, Foreign Trade, Economic Attractiveness, and French Nationals Abroad, Olivier Becht, to discuss progress of Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations, deforestation, carbon, and investment opportunities. The meeting took place on the sidelines of Kartasasmita’s working visits to France and Japan on October 2-6, 2023. “We conveyed the importance of collaboration in the I-EU CEPA to accelerate the completion of ongoing negotiations, so that both parties can immediately benefit from the agreement,” he noted in a statement on Thursday. He remarked that since 2016, negotiations on the I-EU CEPA … Continue reading →

Indonesia Reports 40 Consecutive Months of Trade Surplus

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Indonesia has continued its streak of trade surpluses, marking the 40th consecutive month of surplus in August, despite a narrowing trend, according to a report from the Central Statistics Agency (BPS) released on Friday. The trade surplus for August reached $3.12 billion, with total exports amounting to $21.9 billion and imports at $18.8 billion. “Indonesia has maintained a trade surplus for 40 consecutive months,” Acting BPS Head Amalia Adininggar Widyasanti said during a news conference in Jakarta. For the first eight months of the year, the trade surplus amounted to $24.34 billion, a significant drop of $10.55 billion compared to … Continue reading →

Indonesia-Netherlands Agree on Cooperation in Various Sectors

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The Minister of Trade of the Republic of Indonesia, Zulkifli Hasan, attended a bilateral meeting attended by President Joko Widodo and the Prime Minister of the Netherlands, Mark Rutte, in New Delhi, India. The meeting which took place during the G20 Summit held in India on September 9 2023, the two countries discussed a number of important issues including the fields of development, economics, the process of registering Indonesia as a member of the Organization for Economic Co-operation and Development/OECD), as well as cooperation between ASEAN and the Netherlands. One of the main aspects discussed was cooperation in the energy … Continue reading →