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Investors new oil and gas in Mesozoic KTI blocked PDF Print E-mail
Friday, 30 July 2010 12:01
BANDUNG - Accessibility, knowledge, and completeness of the data becomes an obstacle for new investors to get into the potential oil and gas in Mesozoic layers in the eastern part of Indonesia (KTI) is expected to greatly contribute to the national oil and gas production in the future.

Dwi Rovicky Putrohari, Geological Advisor Hess said in deciding investment, new investors will favor a work area that is easily accessible and cheap in terms of financing. In this case, he said, the Western region of Indonesia that has geological characteristics which is easier and has explored the option compared to East Indonesia.
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'Uranium mining in Grassberg not significant' PDF Print E-mail
Friday, 30 July 2010 12:01
Concentration BANDUNG Grassberg uranium mining area of PT Freeport Indonesia's West Papua is judged not significant enough so as not economically feasible to be developed.

Geological Society Chairman of the Indonesian Economy (MGEI) Sukmandaru Prihatmoko said scientific research efforts on the content of uranium in West Papua has been done, either by Freeport as well as independent scholars in the field of geology. Based on these studies, he said, has not so far found that it contains significant uranium in West Papua.
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IPA urges immediate cost recovery bill approved PDF Print E-mail
Friday, 30 July 2010 11:56
JAKARTA - The oil and gas entrepreneur who joined in the Indonesian Petroleum Association (IPA) to meet Vice President Boediono and asked the government to immediately ratify the RPP cost recovery to provide legal certainty of investment in the sector.

The oil and gas businessman gives advice to the Vice President Boediono to immediately revoke the provisions barring (capping) cost recovery through government regulation plan (RPP) or higher rule.
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There is no turning conferring LPG to kerosene PDF Print E-mail
Friday, 30 July 2010 11:52
BANDUNG - The government will not reimburse return (rekonversi) the use of LPG to subsidized kerosene because it is difficult to make it happen.

Evita H Legowo, Director General of Oil and Gas (Oil) Ministry of Energy and Mineral Resources (ESDM), put forward a request from the community to the government to merekonversi energy increases with gas cylinder explosion cases rampant in some areas.
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Dollar Weakens, Oil prices surge PDF Print E-mail
Friday, 30 July 2010 11:38
New York - World oil prices surged in New York on Thursday local time, supported the weakening United States dollar and European data are positive.

New York's main contract, light sweet crude for September delivery, rose 1.37 dollars to 78.36 dollars per barrel, its first gain in five sessions.
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Darmin Ready to Work PDF Print E-mail
Friday, 30 July 2010 11:31
Jakarta - Nasution said he was ready to work as Governor of Bank Indonesia after he was approved in Parliament plenary session highlighted by a walk-out action and Hanura PDIP members.

"We are ready to work. That is all commentary," he said after the House of Representatives plenary session in Jakarta on Thursday.
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Pertamina LPG Tube Pull 2300 in Riau PDF Print E-mail
Friday, 30 July 2010 11:20
Pekanbaru - 2300 Pertamina interesting three-kilogram LPG cylinder from the province of Riau, because most do not fit the Indonesian National Standard (SNI).

"Of course all these tubes should not be circulated because it would be very dangerous," said LPG Sales Representative PT Pertamina Rayon Riau Islands Riau-Isfahani in Pekanbaru, Friday.
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The government promised to give compensation to PLN PDF Print E-mail
Thursday, 29 July 2010 08:57
BOGOR - Government gives guarantees to compensate the state electricity company PT (Persero) along with the application of capping (restrictions) increase in the electricity basic tariff bill (TDL) of 18%.

Minister of Energy and Mineral Resources of Darwin Zahedy Saleh said the government is committed to provide compensation to the approval of the application of capping it, leaving the companies that can still achieve the savings subsidy Rp4, 8 trillion this year.
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Minister for State Owned Enterprises Investing U.S. Invite PDF Print E-mail
Thursday, 29 July 2010 08:45
New York - State Enterprises Minister Mustafa Abubakar urged the United States capital market investors to invest in Indonesia because state-owned companies currently evolving positively, although in general the economy in central Asia experienced a setback.

"We believe a strong Indonesian economy in the face of the crisis in 2009 is proof positive that our company is much better than before, has a strong balance sheet and has a great opportunity to grow," Mustafa said when speaking in front of the capital markets business in New York Midtwon Conference and Client Center in New York, Tuesday.
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Start the International Standards planned PLN 30 November 2010 PDF Print E-mail
Thursday, 29 July 2010 08:39
MATARAM. After the extinction of the target free rotation in all regions of Indonesia as of June 30, 2010, PLN announced a target return of quality and service quality of electricity supply in Java must reach the international standards starting 30 November.

"Six months into the front of my friends in Java that will work hard to realize the target of electricity service quality equivalent to international standards," said President Director of PLN Dahlan Iskan when reporting the completion of rotating blackouts across Indonesia to the President (27 / 7) in Mataram, West Nusa Tenggara.
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Funds will be increased oil and gas survey data PDF Print E-mail
Friday, 30 July 2010 11:52
BANDUNG: The Government planned to submit an additional budget of approximately Rp50 billion for conducting seismic surveys and data mining for improving the accuracy of oil and gas data in the country.

Director General of Oil and Natural Gas Ministry of Energy and Mineral Resources (ESDM) Evita Herawati Legowo said to improve the quality and completeness of oil and gas data from the working area which will be offered to investors considering the addition of the government budget in the Budget 2011. Additional funds will be allocated for the survey activities reached around Rp50 billion.
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Parliament approves Nasution So BI governor PDF Print E-mail
Friday, 30 July 2010 11:35
Jakarta - House of Representatives finally approved the plenary meeting of Nasution as the Governor of Bank Indonesia although the two factions chose walk out (WO), namely the Indonesian Democratic Party (PDI) and Fraction Hanura Struggle, in the Parliament Building in Jakarta on Thursday.
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500 Million Transactions are obliged to report to the INTRAC PDF Print E-mail
Friday, 30 July 2010 11:26
Jakarta - Members of the Special Committee on the Prevention and Eradication Draft Money Laundering (PPTPU) Ahmad Yani said at least 500 million transaction, or an equivalent value if using a foreign currency should be reported to the Center for Financial Transaction Reporting and Analysis (INTRAC).

"It is in Article 25 paragraph 1 which reads a draft PPTPU transactions in the minimum amount of 500 million or with a foreign currency whose value is equal to or obliged to report suspicious transactions to INTRAC later than 14 working days after the transaction," said Ahmad Yani in Building Nusantara I MPR / DPR, Jakarta, Friday.
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Add 500 Pertamina Gas Station "Pasti Pas" PDF Print E-mail
Friday, 30 July 2010 11:20
Jakarta - PT Pertamina (Persero) add Charging Station General Fuel (petrol stations) must be certified Pas 500 units until the end of 2010, as Director of Marketing and Commerce Pertamina, Djaelani Sutomo, in the socialization of the use of three kilograms of LPG, in Pertamburan Road, Tanah Abang, Jakarta, Friday.

According Djaelani, Pertamina continued to inspect the condition and service of retail outlets selling products whose numbers Pertamina in Indonesia 4750 units, with 2700 retail outlets such as a certified "Must Pas."
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Oil prices slide to U.S. Inventory Increase Due PDF Print E-mail
Thursday, 29 July 2010 08:53
NEW YORK - Oil prices fell on Wednesday after unexpectedly large jump in crude stockpiles in the United States added to jitters caused by reduced consumer confidence.

New York's main contract, light sweet crude for September delivery, fell 51 cents to 76.09 dollars per barrel.
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The MHP Development Permit Easy PDF Print E-mail
Thursday, 29 July 2010 08:43
MATARAM. PLN President Director Dahlan Iskan reveal, the Ministry of Energy is currently in the process permits faster development of Micro Hydro Power (MHP), which became the leading source of electric power, especially in areas difficult to reach.

"The MHP license issued by the Minister of Energy and Mineral Resources today is pretty easy and the first week was out his permission," PLN president director said when reporting the completion of rotating blackouts across Indonesia to the President (27 / 7) in Mataram, West Nusa Tenggara.
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