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Government to Provide Financial Support to Oil and Gas Investors

Posted 12 months ago by JAC Outsourcing

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​The government is providing financial support that is flexible and competitive to guarantee oil and gas investors in Indonesia get satisfying returns.

 In facing the current investment competency that has been getting stricter, the government will support the investors in the form of a financial system that is flexible and competitive, thus resulting in a great return.

Global energy industry players have a great opportunity not only for participating in the country's oil and gas industry but also for joining the push for energy transition business and development as well as carbon emission reduction.

The stimulus for investment will be continuously evaluated for Indonesia to win the competition and realize the production target.

From January to September 2021, the realization of oil and gas investment in Indonesia reached US$9.07 billion, or 56.67 percent of this year's target (US$16.81 billion), Energy and Mineral Resources (ESDM) Minister Arifin Tasrif noted.

The investment realization included the upstream sector of oil and gas (US$7.65 billion) and the downstream sector (US$1.42 billion)s.

So far the government has been proactive in designing policies and regulations for enabling cooperation contract contractors (KKKS) or companies wishing to perform oil and gas well drilling to get closer to Indonesia.

(source: Antara News)

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