ID :
56551
Tue, 04/21/2009 - 08:40
Auther :
Shortlink :
https://www.oananews.org//node/56551
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GOVT OPTIMISTIC BALANCE OF PAYMENTS IN ENERGY SECTOR POSITIVE
Jakarta, April 20 (ANTARA) - The government is optimistic the balance of payments in the energy and mineral resource sector in 2009 would be positive.
Minister of Energy and Mineral Resources Purnomo Yusgiantoro said here on Monday although the value of exports from the sector dropped as a result of the global crisis, imports had also dropped even sharper.
"So we are optimistic the balance of payments this year will remain positive," he said.
He said the country's production of oil, gas and minerals would indeed decline in 2009. He said only the production of coal would rise because of the realization of the 10,000 MW coal-fired power plant project crash program.
"The price of all commodities namely oil, gas, coal and minerals, are also expected to drop in 2009," he said.
Purnomo said he was optimistic the balance of incoming and outcoming capital in the sector would be positive.
He said investment in the sector was long term so that it would not be affected too much by the crisis.
"This year is indeed a year of crisis. Many companies are conducting consolidation and implementing a tight money policy but investment in the sector is long term so that we are optimistic it will remain positive," he said.
He said flow of capital would also remain positive because the country's geological conditions were still attractive and because of electricity supply guarantee from the government and financing guarantee from the Middle East.
Minister of Energy and Mineral Resources Purnomo Yusgiantoro said here on Monday although the value of exports from the sector dropped as a result of the global crisis, imports had also dropped even sharper.
"So we are optimistic the balance of payments this year will remain positive," he said.
He said the country's production of oil, gas and minerals would indeed decline in 2009. He said only the production of coal would rise because of the realization of the 10,000 MW coal-fired power plant project crash program.
"The price of all commodities namely oil, gas, coal and minerals, are also expected to drop in 2009," he said.
Purnomo said he was optimistic the balance of incoming and outcoming capital in the sector would be positive.
He said investment in the sector was long term so that it would not be affected too much by the crisis.
"This year is indeed a year of crisis. Many companies are conducting consolidation and implementing a tight money policy but investment in the sector is long term so that we are optimistic it will remain positive," he said.
He said flow of capital would also remain positive because the country's geological conditions were still attractive and because of electricity supply guarantee from the government and financing guarantee from the Middle East.
