| Government & Parliament Agree to Reduce Production of 945 Thousand Barrels of Oil So |
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| Friday, 08 July 2011 00:00 | |||||||
Page 1 of 2 Government & Parliament Agree to Reduce Production of 945 Thousand Barrels of Oil SoJakarta - House Commission VII and its Ministry of Energy and Mineral Resources (ESDM) agreed to cut its domestic oil production to 945 thousand barrels per day (bpd) to Revised State Budget 2011 from the previous 970 thousand bpd. Tap the hammer carried by the Chairman of Commission VII of DPR RI, Teuku Riefky Harsya after deepening and associated delivery Revised State Budget 2011 by the Minister of Energy and Mineral Resources, Darwin Zahedy Saleh to convey. "The commitment of the EMR to support the BP Migas (Upstream Executing Agency for Oil and Gas) in the sense of solving the problems that exist in the oil and gas sector so that the target maximum EMR should require drastic kebijaka be helped," said Justin notes. He said, the decline in oil production target of 945 thousand bpd Indonesia became the Revised State Budget 2011 was approved. In addition, benchmark oil prices Indonesia (ICP / Indonesia Crude Price) proposed by the Ministry of Energy and Mineral Resources of U.S. $ 95 per barrel was also approved. "We are optimistic that the numbers could reach 945 thousand bpd. The requirement is not easy, by making policy or breakthroughs in the field so that constraints can be overcome, especially related to overlap the existing land area," Darwin responded Zahedy Saleh. As is known, the previously proposed changes KESDM oil production figures which had been set at 970 thousand bpd for the Budget 2011 to 945 thousand bpd. So is the benchmark oil price of Indonesia that had been set at U.S. $ 80 per barrel to U.S. $ 95 per barrel. (NRS / dnl)
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