ID :
38168
Wed, 12/31/2008 - 00:09
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https://www.oananews.org//node/38168
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INVESTMENT COMMITMENTS IN ENERGY, MINERAL SECTOR 2009 REACH US$28.6 BILLION
Jakarta, Dec 30 (ANTARA) - Energy and Mineral Resources Minister Purnomo Yusgiantoro said the value of investment commitments in Indonesia's energy and mineral resource sector for 2009 had already reached US$28.6 billion.
The fighre was US$10 billion higher than the value of realized investments in 2008 which was expected to total US$18.63 billion, the minister said here Tuesday.
The investment committments in 2009 included committments made during the 3rd Indonesia-China Energy Forum (ICEF) held several days ago that reached US$3.2 billion, he said.
He said of the US$21.7 billion worth of commmittments targeted in 2008 only US$18.63 billion was achieved.
This was probably because other committments were not yet reported or because the target was not met.
However, he believed the target of investment in 2008 would be above that of 2007 which reached only US$15.75 billion in value.
Realization of investment in 2008 was expected in the oil and gas sector (US$12.2 billion), electricity (US$4.76 billion) and general mining (US$1.65 billion).
Realization of investment in 2007 meanwhile was recorded in the oil and gas sector (US$11.18 billion), electricity (US$3.3 billion) and general mining (US$1.26 billion).
Apart from the result of the third ICEF, investment committments in 2009, reached US$25,4 billion including in the gas and oil sector that reached US$16.6 billion or 66 of the total investment targets.
The investment committments are in existing oil and gas fields, new fields and coal bed methane fields.
The committments in the downstream includes a mini-oil refinery, a used lubricrant oil refinery, three mini-lequified petroleum gas refineries, pipe-channled gas transportation, LPG stockpile, fuel oil stockpile, lequified natural gas stockpile, fuel oil trading and gas pipe network.
Investment in the electricity sector is expected to reach US$6.6 billion or 26 percent.
The electricity projects include part of the government 10,000 MW power development projects and 15,629 MW private power projects.
Investment committments in the general mining sector meanwhile reached US$2.1 billion or eight percent of the target.
The investment committments may provide employment for 148,000 workers.
The fighre was US$10 billion higher than the value of realized investments in 2008 which was expected to total US$18.63 billion, the minister said here Tuesday.
The investment committments in 2009 included committments made during the 3rd Indonesia-China Energy Forum (ICEF) held several days ago that reached US$3.2 billion, he said.
He said of the US$21.7 billion worth of commmittments targeted in 2008 only US$18.63 billion was achieved.
This was probably because other committments were not yet reported or because the target was not met.
However, he believed the target of investment in 2008 would be above that of 2007 which reached only US$15.75 billion in value.
Realization of investment in 2008 was expected in the oil and gas sector (US$12.2 billion), electricity (US$4.76 billion) and general mining (US$1.65 billion).
Realization of investment in 2007 meanwhile was recorded in the oil and gas sector (US$11.18 billion), electricity (US$3.3 billion) and general mining (US$1.26 billion).
Apart from the result of the third ICEF, investment committments in 2009, reached US$25,4 billion including in the gas and oil sector that reached US$16.6 billion or 66 of the total investment targets.
The investment committments are in existing oil and gas fields, new fields and coal bed methane fields.
The committments in the downstream includes a mini-oil refinery, a used lubricrant oil refinery, three mini-lequified petroleum gas refineries, pipe-channled gas transportation, LPG stockpile, fuel oil stockpile, lequified natural gas stockpile, fuel oil trading and gas pipe network.
Investment in the electricity sector is expected to reach US$6.6 billion or 26 percent.
The electricity projects include part of the government 10,000 MW power development projects and 15,629 MW private power projects.
Investment committments in the general mining sector meanwhile reached US$2.1 billion or eight percent of the target.
The investment committments may provide employment for 148,000 workers.
