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Indonesia's Pertamina expects investments to reach US$92 billion by 2024

Indonesia s Pertamina expects investments to reach US$92 billion by 2024
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Indonesia s Pertamina expects investments to reach US$92 billion by 2024
Indonesia s state oil company PT Pertamina expects to invest US$92 billion in the period from last year to 2024, its chief executive said on Thursday, as the country seeks to rely less on energy imports and rein in its current account deficit.
FILE PHOTO: An Aerial view of PT Pertamina refinery Plaju in Palembang, Indonesia, October 24, 2018. Antara Foto/Nova Wahyudi via REUTERS
20 May 2021 06:36PM
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JAKARTA: Indonesia s state oil company PT Pertamina expects to invest US$92 billion in the period from last year to 2024, its chief executive said on Thursday, as the country seeks to rely less on energy imports and rein in its current account deficit. ....

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Indonesia's Pertamina expects investments to reach $92 bln by 2024

By Reuters Staff
2 Min Read
JAKARTA, May 20 (Reuters) - Indonesia’s state oil company PT Pertamina expects to invest $92 billion in the period from last year to 2024, its chief executive said on Thursday, as the country seeks to rely less on energy imports and rein in its current account deficit.
The funds would come from the company, while $40 billion is expected to be raised externally, Nicke Widyawati told parliament.
“Developing the future of the business needs funds that are not small,” Nicke said, noting the externals funds could come from partnerships, loans or bonds.
The investments will be used for 14 “national strategic projects” and 300 other investments in oil and gas as well as renewable energy supply chains, Pertamina spokeswoman Fajriyah Usman said in a statement late on Wednesday. Some of the projects may be eligible for funding from the country’s new sovereign wealth fund, the Indonesian Investment Authority (INA), said Fajriyah, wh ....

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Indonesia drops its guard in bid to lure foreign investors

Indonesia drops its guard in bid to lure foreign investors
May 10, 2021 – 4.06pm
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Singapore/Jakarta | Indonesia’s sovereign wealth fund is finally open for business and the government of President Joko “Jokowi” Widodo has made some important concessions in a bid to attract foreign capital.
Since legislation establishing the fund, known as the Indonesian Investment Authority (INA) was passed late last year, enabling regulations have been finalised. The fund’s managers are seeking foreign investors, making their pitch to secure what the government hopes will be $US100 billion ($127 billion) in capital within two years.
Jakarta. There are fears work on a new capital will absorb too much of the sovereign fund. ....

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Emirates News Agency - Indonesia's pavilion at Expo 2020 Dubai to be completed by end of April

Indonesia’s pavilion at Expo 2020 Dubai to be completed by end of April
ABU DHABI, 13th April, 2021 (WAM) Kasan Mohri, Commissioner-General of Indonesia at Expo 2020 Dubai, stated the percentage of construction work of his country’s pavilion has reached 94.6%, noting that it is expected to be completed by end of April 2021.
In a statement to the Emirates News Agency (WAM), Mohri added that according to Expo regulations, all pavilions will be tested in August and September 2021.
He noted that the Indonesian pavilion, located in the Opportunity District , will focus on presenting his country’s future innovations in various sectors and showcase its products, programmes and services, to attract tourists and investors and promote cooperation between Indonesia and other countries. ....

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UAE may invest in a COVID vaccine production facility in Indonesia

DUBAI: The UAE may invest in a COVID-19 vaccine production facility in Indonesia, Energy and Infrastructure Minister Suhail Al-Mazrouei said on Monday. He said that economic relations between the UAE and Indonesia were witnessing an exceptional boom, especially during the past ten years, and that, currently, the UAE has a number of promising projects that will strengthen ....

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