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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.


Berita Lainnya
Vice Minister of Energy and Mineral Resources Susilo Siswoutomo reaffirmed that LNG selling price contract renegotiation from Tangguh Refinery in West Papua to Korea is in the process and will be finalized soon.
The government is going to sign the second shale gas cooperation contract. This unconventional oil and gas development is expected to enhance the national energy security.
The Idul Fitri 2014 Monitoring Post of MEMR reported that the status of electricity, oil and gas, and geology sub sector is safe and controlled. The fuel and LPG national supply on 17 July 2014 is normal. The electricity and geological condition is safe and controlled.
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