Indonesia set to make $17bn oil and gas investment in 2018

Author: Spencer Ogden
Date posted11/Jan/2018
Author: Spencer Ogden

The government of Indonesia has set a $17.04 billion investment target in the oil and gas sector, according to the Energy and Mineral Resources Ministry.

“[Investment] is returning to the level between 2014 and 2016,” said Ego Syahrial, the ministry’s oil and gas director general.

Syahrial also mentioned that oil and gas investment had reached $20.72 billion in 2014, $17.38 in 2015 and $12.74 billion in 2016.

Amien Sunaryadi, Head of Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) added that the government is aiming to increase investment in a number of upstream oil and gas projects in order to hit the target.

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