Indonesian President Susilo Bambang Yudhoyono said his country is considering pulling out of the Organization of Petroleum Exporting Countries because it was no longer a net oil exporter.
The country of 235 million is Southeast Asia’s only OPEC member, but it now has to import oil following decades of declining investment due to corruption and a [...]
With prices for key commodities at record highs, Indonesia — Southeast Asia’s biggest economy and a key exporter — should, at first glance, be enjoying good times.
But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor, analysts say most Indonesians are being squeezed.
Indonesia is the world’s [...]
Publicly-listed mining company PT Antam Tbk of Indonesia and UC RUSAL of Russia have agreed to jointly develop bauxite deposits in Indonesia.
Antam President Director D. Aditya Sumanagara and UC RUSAL Director for International and Special Projects Alexander Livshits signed a heads of agreement to that effect here on Thursday in front of President Susilo Bambang [...]
French oil giant Total plans to invest another six billion dollars in Indonesia’s oil and gas sector over the next five years, chairman Thierry Desmarest has said.
“We plan to continue with many projects and we will increase by six billion dollars our investment in oil and gas exploration and production, especially in Kalimantan, in [...]
French oil giant Total plans to invest another $6 billion in Indonesia’s oil and gas sector over the next five years, chairman Thierry Desmarest has said.
“We plan to continue with many projects and we will increase by $6 billion our investment in oil and gas exploration and production, especially in Kalimantan, in the next five [...]
Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say.
But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for [...]
The government will not allocate any funding in the 2007 national budget for the Sidoarjo mud-volcano catastrophe in East Java, despite it having being declared a national disaster, a senior official from the Finance Ministry said Friday in Jakarta.
Referring to a presidential decree issued in connection with the disaster, the ministry’s secretary-general, Mulia P. Nasution, [...]
Rescuers continued to search for up to a dozen missing people at the Sidoarjo mudflow disaster Thursday, a day after a gas pipeline exploded, killing at least seven people and shooting flames hundreds of meters into the air.
The powerful blast occurred at 8:30 p.m. Wednesday after an embankment built to contain the hot mud [...]
China and Indonesia signed a memorandum of understanding (MOU) on Saturday concerning cooperation in the energy and mineral resources sectors.
Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second Sino-Indonesian energy forum, which opened in Shanghai on Saturday.
Huang said the forum will create a favorable [...]
Indonesia is poised to sign an agreement with Russia’s national electricity trading company Raoues on the possibility of developing a floating nuclear power plant, from which Indonesia will buy electricity at predetermined rates, a provincial government official said.
Authorities from Gorontalo province on Sulawesi island signed a memorandum of understanding last Friday with the Russian-Indonesian Corp, [...]
