ID :
36412
Thu, 12/18/2008 - 23:30
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https://www.oananews.org//node/36412
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GOVT AIMS TO DRAW $25 BILLION INVESTMENT IN ENERGY SECTOR
Jakarta, Dec 18 (ANTARA) - The government has set the target of investment in the energy and mineral resources sector for 2009 at US$25.4 billion compared to US$21.7 billion it plans to attract this year.
"Next year's investment in the sector is expected to create jobs for around 148,900 people," Head of the Legal Affairs and Public Relations Bureau at the Energy and Mineral Resources Ministry Sutisna Prawira said here on Thursday.
He said investment in the oil and gas sector was projected at US$16.6 billion, or 66 percent of the total investment target.
The US$16.6 billion investment consisted of investment in the upstream oil and gas sector covering old and new oil and gas blocks and coal bed methane blocks, and investment in the downstream oil and gas sector including two mini oil refineries, one used lubricant refinery, three liquefied petroleum gas refineries, and gas pipelines, he said.
Investment in the electricity sector was projected at US$6.6 billion, or 26 percent of the total investment target, he said.
The electricity projects cover state-run power plants with a combined capacity of 10,000 MW and privately-run power plants with a combined capacity of 15,629 MW, he said.
Investment in the general mining sector was expected to reach US$2.1 billion, or 8 percent of the total investment target, he said.
The government has set itself a target of attracting US$21.7 billion in investment this year, consisting of US$14.8 billion in the oil and gas sector, US$5.4 billion in the electricity sector, and US$1.5 billion in the general mining sector.
"Next year's investment in the sector is expected to create jobs for around 148,900 people," Head of the Legal Affairs and Public Relations Bureau at the Energy and Mineral Resources Ministry Sutisna Prawira said here on Thursday.
He said investment in the oil and gas sector was projected at US$16.6 billion, or 66 percent of the total investment target.
The US$16.6 billion investment consisted of investment in the upstream oil and gas sector covering old and new oil and gas blocks and coal bed methane blocks, and investment in the downstream oil and gas sector including two mini oil refineries, one used lubricant refinery, three liquefied petroleum gas refineries, and gas pipelines, he said.
Investment in the electricity sector was projected at US$6.6 billion, or 26 percent of the total investment target, he said.
The electricity projects cover state-run power plants with a combined capacity of 10,000 MW and privately-run power plants with a combined capacity of 15,629 MW, he said.
Investment in the general mining sector was expected to reach US$2.1 billion, or 8 percent of the total investment target, he said.
The government has set itself a target of attracting US$21.7 billion in investment this year, consisting of US$14.8 billion in the oil and gas sector, US$5.4 billion in the electricity sector, and US$1.5 billion in the general mining sector.
