Business and Investment
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Pertamina Hulu Mahakam prepares three onstream projects this month
PT Pertamina Hulu Mahakam (PHM) is preparing three onstream projects this month, namely Peciko 8B, SWPG Debottlenecking, and Bekapai Artificial Lift.
IKN authority absorbs budget of Rp271 billion in 2023
The Capital City of Nusantara Authority (OIKN) recorded a budget absorption throughout 2023 to support IKN development reaching Rp271.71 billion (US$17.3 million)
ESDM increases LNG cargo by 11 to support PGN gas supply
The administration of Joko “Jokowi” Widodo has ensured support for fulfilling the supply of natural gas to PT Perusahaan Gas Negara (PGN) with liquefied natural gas (LNG) following the occurrence of a gas deficit in Central Sumatra, South Sumatra, and Western Java.
Chinese investors encouraged to build nickel smelter, steel plant in Sorong
The government of Southwest Papua is pushing for two Chinese investors to construct a nickel smelter and a steel manufacturing plant in the Sorong Special Economic Zone (SEZ), with an estimated investment value of IDR 75 trillion (US$4.8 million).
Four projects after Vale Indonesia divestment and contract extension: Minister
The extension of PT Vale Indonesia’s contract of work will have potentials on the prospect of the country's electric vehicle ecosystem, with several investment planning in the development of nickel downstream.
PetroChina to energize Jabung block with cost recovery contract extension
Oil and gas company PetroChina International Jabung Ltd. positively sees the extension of the Jabung Working Area (WK) contract until 2043, utilizing the cost recovery contract scheme.
Coal downstreaming in Indonesia still hampered by lack of technology: Official
Coal downstreaming in Indonesia is constrained by the lack of technology to execute the program, a senior government official says.
President Jokowi inaugurates first refined palm oil factory, aims to boost farmer value
President Joko “Jokowi” Widodo inaugurated the first Crude Palm Oil (CPO) processing factory in Deli Serdang, North Sumatra, on Thursday, March 14, 2024. The factory establishment was an initiative of the Ministry of Cooperatives and Micro, Small and Medium Enterprises.
ACST expands business into mining construction sector
Construction company PT Acset Indonusa (ACST) has divulged a plan to diversify its business into the mining construction sector.
Government to restart Gilimanuk-Mengwi toll road project
The Ministry of Public Works and Housing has planned to re-auction the Gilimanuk-Mengwi toll road project this year.
Indonesia's coal mining methane emissions surge eightfold
Global energy think tank EMBER Climate estimates that methane emissions from coal mines in Indonesia are eight times higher than official estimates.
ESDM explores potential offshore oil field to bolster Indonesia's production
The Ministry of Energy and Mineral Resources (ESDM) is delving deeper into one of the offshore fields with potential oil reserves.