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 Minister of Energy and Mineral Resources reaffirmed that the government was discussing PT Pertamina’s request to increase the 12 kg LPG price.

Ministry of Energy and Mineral Resources cq Directorate General of Oil and Gas is going to hold Farmout Forum Indonesia 2014 on 21-23 August in Bali. It is an event to share Indonesia oil and gas geological potential especially the oil and gas block operated by companies or operators to potential investors as the effort to increase exploration activity by sharing information on risk and geological potential as well as exploration and exploitation concept.


Besides building refinery through Public-Private Partnership, the government also offers private sector to build its own refinery. In order to be economic, the incentive for private refinery is similar with incentive for public-private refinery.


 
Berita Lainnya
Minister of Energy and Mineral Resources Jero Wacik accompanied by Director General of Oil and Gas A. Edy Hermantoro. Chairman of BPH Migas, as well as Commissioner and Director of PT Pertamina (Persero) visited Pertamina’s Fuel Terminal in Plumpang on Friday (25/7). The visit is to monitor the supply reliability, the operation and the strategies to ensure the fuel supply security.
For the efficiency and continuity of Indonesia Crude oil Price (ICP) and based on Article 4 of Minister of Energy and Mineral Resources Regulation Number 23 Year 2012 on Procedure of ICP Methodology and Formula, Minister of Energy and Mineral Resources Jero Wacik stipulated a Decree Number 3020 K/12/MEM/2014 on ICP Formula for July to December 2014 period on 30 June 2014.
In accordance with the reduce of social disturbance and the increase of production technically, the oil production of PT Pertamina EP Asset 5 Field Papua and Petrochina International Bermuda in Papua is significantly increasing above the government’s target. The average oil production of PT Pertamina EP Asset 5 Field Papua from January to June 2014 is 1,156 barrel oil per day. It is higher that the government’s target of 1,047 barrel oil per day.
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