The Energy and Mineral Resources Ministry is assuring the country that the ongoing unrest in several major oil-producing countries in the Middle East will not affect Indonesia’s fuel supply.
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Indonesia should delay a plan to limit the sale of subsidized fuel because of current high oil prices, Coordinating Minister for the Economy Hatta Rajasa said.
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Average oil production had only reached 901,000 barrels of oil per day in January, well below the national target of 965,000 bpd, due to poor weather, a state official said on Wednesday.
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SGX mainboard-listed company, Ramba Energy Limited (“Ramba”) announces the discovery of oil during the JRR-3 ST workover at the Jatirarangon gas producing field (“Jati Block”) in Cikarang, West Java, Indonesia.
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Indonesia’s energy industry is looking to ramp up investments at home and abroad to boost output and help meet the growing demand from the domestic market while maintaining its position as a leading natural gas exporter.
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