Energy and mineral resources minister Bahlil Lahadalia, who is also chairman of Golkar Party, said over the weekend that not all policies should be reported to the President, when grilled by media about his policy that caused difficulties for households to buy the subsidised liquefied petroleum gas (LPG) in the past few days.
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Energy and mineral resources Bahlil Lahadalia, who is chairman of Golkar Party, said recently that it should not be a problem for Indonesia to import crude oil from Russia. Indonesia’s decision to join BRICS, where Russia and China are key founding members, pave the way for Russian oil entering the country.
Read MoreBrent crude oil, which is a closer benchmark to Indonesian Crude Price (ICP), moved below US$77 per barrel in Asian trading this morning as market participants assessed implications of Trump’s plan to impose 25% tariffs on Canada and Mexico—set to start February 1st.
Read MoreNickel ended slightly lower by 0.34% to US$15,990 per ton on the London Metal Exchange (LME) Tuesday (Jan 21) as investors responded negatively President Trump’s policies on electric vehicle (EV) and energy transition program.
Read MoreKuwait Foreign Petroleum Exploration Company (KUFPEC) is reportedly committed to invest US$10 billion in the development of oil and gas resources in Aceh province, used to the largest gas producing area in the country.
Read MoreLegislation body (Baleg) of the House of Representatives (DPR) has agreed to initiate amendment of the Law No. 4/2009 about mineral and coal, which would legalise issuance of mining permits/concessions to mass and religious organisations, universities, and affirmative actions to support small and medium enterprises (SMEs).
Read MorePresident Prabowo Subianto inaugurated commercial operation of 26 new power plants with a total capacity of 3.2 GW simultaneously in 18 provinces throughout the country yesterday. Built with estimated investment of Rp72 trillion, the additional supply might only worsening electricity oversupply in the country.
Read More“I’m sure within five years, we no longer need to import fuel,” said President Prabowo Subianto on Monday (Jan 20) when inaugurating 37 energy projects. Countless of times already! Similar to the food self-sufficiency, which Prabowo said can be achieved in his second year in office, far ahead of target (fourth year), that Indonesia will no longer import food materials. Seriously?
Read MoreUnlike nickel smelters, which suffered from falling price and squeezed margins in the past two years, companies operating smelter grade alumina (SGA) in Indonesia reported strong profit margin in recent years, thanks to a relatively resilient price of aluminium.
Read MoreFaster growth of energy transition, particularly in China, has contributed to more demand for aluminium. As such, more companies have committed new investments in processing bauxite resources in Indonesia, especially West Kalimantan province.
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