#Energy
SKK Migas approve project in Rokan work area, expects to boost production and revenue
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has granted approval for the Sumatra Light Oil Phase-4 Project in the Rokan Working Area (WK), which will involve an investment of approximately IDR 12.5 trillion, and the use of Enhanced Oil Recovery (EOR) system.
UAE’s Masdar explores renewable energy project in IKN
Abu Dhabi-based clean energy company Masdar is currently exploring a renewable energy project in Nusantara capital city (IKN). The company has made it clear by sending a team to IKN.
Celios research reveals: Indonesia’s disadvantage in nickel downstreaming
According to Director of the China-Indonesia Center of Economic and Law Studies (Celios) Zulfikar Rahmat, the economic benefits of nickel downstreaming policies are considered to be outweighed by the potential losses for Indonesia. This is primarily attributed to the decline in customs and tax revenues resulting from various relaxations.
Pertamina secures US$ 3.1 billion needed funding to improve Balikpapan Refinery Project and enhance fuel quality
Pertamina has received funding credit support worth US$ 3.1 billion or the equivalent of Rp. 46.15 trillion from the Export Credit Agency (ECA) and several commercial financial institutions for the completion of the Refinery Development Master Plan (RDMP) project for the Balikpapan Refinery.
Pertamina secures 65% stake in Algerian oil refinery to enhance national energy security
In effort to fulfill national energy needs and achieve energy security, state-owned oil and gas company Pertamina had been actively seeking energy sources both domestically and internationally.
IBC: UK welcomes Indonesian EV battery minerals despite obstacles from the US and Europe
The Indonesian government is making efforts to secure a limited free trade agreement (FTA) with the US and the EU. These efforts have intensified recently in order to secure access to critical minerals for Indonesia in the two largest electric vehicle (EV) markets.
Pertamina’s subsidiary, SNF SAS of France collaborates to optimize polymer flooding in oil production
PT Elnusa Petrofin, a subsidiary of PT Pertamina and SNF SAS of France have joined forces through a cooperation agreement to secure exclusive distribution of the Polymer Injection Enhanced Waterflooding project from 2023-2026.
Zhejiang Hailiang Co establishes the first biggest copper foil factory in Indonesia boosting electric vehicle production
Zhejiang Hailiang Co., the largest copper pipe and cable manufacturing company from China, is one step closer to opening its first copper foil factory in Indonesia, which is said to be the largest in Southeast Asia.
Energy Ministry calls for continuation of bauxite smelter project despite export ban
The Energy and Mineral Resources (ESDM) Ministry has urged bauxite producers to continue building smelters, despite the commodity has become the subject of an export ban, which took effect on June 10, 2023.
Bukit Asam implements advances in sustainable energy initiatives with solar power plants
PT Bukit Asam Tbk, a member of MIND ID, has announced its plans to implement Solar Power Plants (PLTS) on a number of its former mining sites in Sumatra and Kalimantan as part of its wider diversification program to sustainable energy.
Pertamina secures US$7.2 billion funding for Balikpapan refinery project
PT Pertamina has successfully secured a substantial funding of US$7.2 billion to support the Balikpapan Refinery Development Master Plan (RDMP) project.
Masela Block: Shell to transfer 35 percent stakes to Pertamina by June
Energy and Mineral Resources Minister Arifin Tasrif announced that the sales and purchase agreement (SPA) for a 35 percent participating interest in the Masela Block between Shell Upstream Overseas Ltd and PT Pertamina is set to be finalized by the end of June. Both parties have successfully reached a consensus.