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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