Business and Investment
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Ministries to pilot test railless train construction at IKN
The Ministry of Public Works and Housing (PUPR) is gearing up to conduct a trial of railless train, or automated rail transit (ART), construction in the upcoming days at the Nusantara Capital City (IKN).
ESDM minister: Buton has 5 billion barrel oil potential
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has asked State energy company PT Pertamina to develop the oil prospect in Buton, an offshore field in Southeast Sulawesi.
SKK Migas askscontractors to seize oil price surge momentum
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is encouraging contractor cooperation contract (KKKS) to capitalize on the current surge in global oil prices.
SKK Migas prepares 2 additional LNG cargoes for PGN
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is preparing two additional liquefied natural gas (LNG) cargoes for PT Perusahaan Gas Negara or PGN. These LNG cargoes will be drawn from the Tangguh Refinery in Bintuni Bay, West Papua.
Escalating Iran-Israel conflict spurs continued affordable gas program
Amidst the escalating tensions between Iran and Israel following Israel's strikes on Iran, domestic industry players are apprehensive about the repercussions on the Middle East conflict. This situation has prompted the government to advocate policies supporting manufacturing productivity.
PGE advances geothermal technology in Indonesia
Pertamina Geothermal Energy (PGE), a subsidiary of oil and gas company Pertamina, continues to develop breakthrough technologies to enhance efficiency in geothermal development in Indonesia.
Masdar to invest in Solar power plant at Nusantara Capital
Coordinating Minister for the Economy, Airlangga Hartarto, has revealed that UAE-based energy company Masdar is set to invest in the construction of a 1.2-gigawatt (GW) Solar Power Plant (PLTS) at the Nusantara Capital City (IKN) in North Penajam Paser regency, East Kalimantan.
RDMP enhances petrochemical production at Kilang Balikpapan
The Refinery Development Master Plan (RDMP) project at Kilang Balikpapan is set to boost gasoline and gasoil series production while also expanding into petrochemical products, solidifying PT Kilang Pertamina Internasional’s (KPI) position in the petrochemical business.
Medco Energi completes Ophir Vietnam Block 12W B.V. divestment
PT Medco Energi Internasional announces the completion of divestment of its entire shareholding in Ophir Vietnam Block 12W B.V.(OVBV) to Bitexco Energy Company Limited . OVBV holds a 31.875 percent participating interest in Chim Sao and Dua (Block 12W) oil and gas producing fields located in Vietnam.
F&B entrepreneurs shift export direction away from Middle East
The Indonesian Food and Beverage Producers Association (Gapmmi) has begun preparing alternative markets to anticipate the disrupted logistics due to the escalating Iran-Israel conflict.
SCG increases use of industrial waste as alternative fuel, raw material
SCG, the largest cement and building materials company in Southeast Asia, has boosted the utilization of industrial waste as fuel and alternative raw materials at its Indonesian subsidiary, PT Semen Jawa.
MRT Jakarta secures deal with Sojitz Corporation for phase 2A rail construction
PT MRT Jakarta sealed on Wednesday, April 17, 2024, a partnership agreement with Sojitz Corporation for the Phase 2A construction of railway tracks and signaling systems from the Hotel Indonesia turnabout to Kota, valued at IDR 4.7 trillion (about US$ 290 million).