The portrait of current Indonesia’s economic condition

Starventure, an investor unicorn, aims to invest in more early-stage startups in Indonesia, offering resources and expertise to help startups become global players.

President Joko “Jokowi” Widodo has appointed Investment Minister Bahlil Lahadalia as Chairman of the Task Force for accelerating self-sufficiency in sugar and bioethanol in Merauke regency, South Papua. This assignment is stipulated in Presidential Decree No. 15/2024 issued by Jokowi on April 19, 2024.

PT Pertamina Gas (Pertagas) and PT Pertamina Hulu Energi (PHE) have entered into a collaboration to explore the utilization of gas compressors for PHE’s operational and production needs.

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is pursuing two strategic projects by Medco E&P Natuna Ltd, namely Forel and Bronang, for onstream production by October this year.

The Coordinating Ministry for Maritime Affairs and Investment has announced that the final investment decision (FID) for the carbon capture and storage (CCS) project in the Sunda-Asri Basin area, offshore Southeast Sumatra, will be made no later than 2026.

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has revealed the reason for drop in the country’s oil production, blaming the Covid-19 pandemic and old facilities as the culprit.