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Showing posts with label Freeport. Show all posts
Showing posts with label Freeport. Show all posts

Monday, October 17, 2016

Expect Courage Jonan and Archandra

Freeport, Masela and Mafia

Ignasius Jonan and Arcandra Tahar will face many challenges in leading the Ministry of Energy and Mineral Resources until 2019.

PT Freeport Indonesia
Both must decide on two options for the Freeport work contract that expires in 2021: extend the contract for another 20 years or not at all. The divestment of Freeport's 10.64 percent stake of US $ 1.7 billion, which is considered expensive, must also be completed.

Oil and Gas Mafia

Oil and Gas Mafia.
Although the business unit which is considered as the headquarters for rent-seeking hunters has been disbanded, PT Pertamina (Persero) cannot be separated from the targets of the mafia. Jonan and Arcandra must oversee the upstream and downstream business chains of the oil and gas sector so that they are free from the mafia.

Gas prices
President Joko Widodo targets a reduction in gas prices to the US $ 5 per MMBTU (million British thermal units). That is, the gas supply chain in the downstream sector must be more efficient.

the Abadi Gas Field in the Masela Block

Masela Block
President Jokowi has determined the development of the Abadi Gas Field in the Masela Block, Maluku, to use an onshore refinery scheme. However, until now, the location of the refinery has not been determined and the business plan of the investor has not yet been completed.

Refinery Revitalization
So that there is no game of fuel prices, the government must build a new refinery. But, until now, most of the projects are still in the exploratory stage of investors.

Koran Tempo, Page-1, Saturday, Oct 15, 2016