The Oil & Gas Year Indonesia 2016
In the 2016 edition, TOGY talks with Sudirmad Said, Indonesia’s minister of energy and mineral resources, Jarman, the director-general of electricity, as well as I. Gusti Nyoman Wiratmaja, director-general of oil and gas. The book contains a wealth of information and points of view from top executives on Indonesia’s complex hydrocarbons industry and supporting sectors.
Recently, Indonesia rejoined OPEC in a bid to reinvigorate their declining industry. New government policies have been initiated in order to improve the country’s ageing oil and gas infrastructure and deal with recent corruption scandals that have put the country in a negative light in terms of international trade.
While the state has moved to boost exploration to fill the gap of declining crude production, the industry has been complicated by legal barriers and the recent push for nationalisation. Investors have continued to remain cautious about placing bids on the market, despite the state’s push for transparency and simplification.
The book also focuses on the country’s effort to bolster the maritime sector and develop improved connectivity between the islands. The new “Ocean Highway” campaign has seen setbacks in terms of funding, but ultimately aims at revamping trade logistics and support marine services related to the hydrocarbons industry.
The downstream sector has also received a recent boost to achieve independence from imports in the face of growing demand. Two new refineries have been added to the energy mix, along with a strong effort to invite international investment into the sector.
Current stock: 0