America Wants to Profit from the Ukraine-Russia Conflict!!!

    It seems that America does not want the war in Ukraine to stop, even as Putin said during the Victory Day military parade on May 9, 2012 yesterday. Russia won big and will defend the territory it already controls, which is 20% of Ukraine's East Side.

    Russia succeeded in liberating the territories that were colonized by western countries. On the American side, the allies and Nato will arm Ukraine to become an attacker in the territory that has been controlled by Russia. Why did they do that? how did war machine entrepreneurs profit from the war in Ukraine?

    How did the war machine giants profit from the war in Ukraine? America in the 70 years after the second world war launched more than 80 military attacks that can be patterned as attacks, namely 70% of its territory is the territory of countries producing fossil oil or oil and gas.

    The rest is territory that is expected to be taken by the communists in ideological matters, therefore it is attacked by America, and the rest is to influence a government to submit to America. Because the candidate for leader or leader in a country is indeed anti-American, therefore it must be controlled in quotation marks from the point of view of geopolitics and American-style foreign strategy.

    America is a private country, where weapons of war are private producers. War for war equipment entrepreneurs is a big harvest because America's GDP 25% is obtained from the sale of this war equipment and 43 percent of world war weapons are produced and sold by America to countries around the world.

    Back in the days of Dwight Eisenhower, America's 34th President during the cold war with the Soviets after the second world war once detailed how much it would cost or cost a bomber to generate two power plants for 500,000 residents.

    Building one fighter jet can be used to build 100 school buildings plus two modern hospitals with complete facilities. The cost of building a destroyer ship is worth 500 km of asphalt road or US$ 1.843 Billion per ship. With the cost of an aircraft carrier, we can build a city with 80,000 residential buildings.

    At the end of his tenure, Dwight Eisenhower 1961 warned of the dangers of the Industrial Military Complex as an economic tool because it requires that there is always bloodshed or war.

    As a record of the era of the 34th president, the era after the second world war, America was in the prime of baby boomers and there was no military war which meant only an intelligence war, but the race for weapons from NATO, the Allies, and the Soviet Union was racing on a massive scale after he was replaced by Kennedy who did not want war except for an attack on the Bay of Pigs to Cuba and America was defeated which according to the next conspiracy news Kennedy was executed by CIA insiders themselves for the sake of holding the war in Vietnam.

    After Kennedy's Vice President Lindon B. Johnson became president, the Vietnam war broke out. 40 years after Dwight Eisenhower said in 1961 or around 2001 a Russian leader on his journey to this day revives Russia with his new Soviet.

    It's been more than 20 years since he became the Russian autocracy, which for the past two months has made Europe enter a dark era since the Second World War with this Ukrainian war, who actually won? Ukrainian side? or the Russian side that we can confirm the winner is the Military-Industrial Complex.

    These war equipment entrepreneurs certainly do not want the war in Ukraine to end. They paid anything to the countries of Western Europe, especially America for the sake of continuing the Ukraine war. Even though what is being sold is in the name of democracy or in the name of humanity, Putin has repeatedly said.

NATO

    This is all because of NATO, this is all because of western countries. Russia is defending and defending its rights. Should we not survive and defend ourselves from the attack of NATO annexation which will also strangle the Russian economy? OK, let's just go to war with an embargo and economic sanctions, because it's the same later or now, it's better now Russia is better prepared.

    We discuss data on the supply of world war equipment, the fact is that 80% of manufacturers of war equipment are from six main countries, namely the United States, Russia, Britain, China, France, and Germany.

    Outside of China, Russia's arms producers whose aggressors and weapons providers are America, Britain, France, and Germany, are all directly involved at this time in the Ukraine war and what's even more amazing is that the five countries involved in the war in Ukraine are permanent members of the UN Security Council which have The veto rights are America, Britain, Germany, France, and Russia, which should be a buffer for world peace, instead, they are directly involved in the war.

    Maybe hobby is war? and of course, America is the most prominent country because 80% of the procurement of world war equipment is America providing 43 percent of it.

    Why America is the world's largest exporter of war weapons is because the top five war equipment companies are in America, namely Lockheed Martin, Boeing, Northrop, Raytheon, and finally General Dynamic.

Javelin sent to Ukraine

    American-made weapons are currently all in Ukraine. The killer weapon, namely the most modern Lethal Weapon is there, such as Switch Blade Drones, Armor and Tactical Vehicles, Howitzers, anti-tank Javelin Missiles, and so on.

Anti-tank Javelin Missiles

    The point is currently the war equipment businessmen are convincing the American government to prepare additional ammunition and weapons for Ukraine and its allies for the war in Ukraine.

    So, the question is who wants the war to end? It is certain that the superpower countries do not want this war to end. Countries that have great power are indeed looking for excuses for long continuous wars. What are the suggestions for other small countries? Are we going to be a balancing nation? if so, decide for si vis Pacem para Bellum. If you want peace, prepare for war.

#Geopolitics

Plot Putin Must Die !!! Follow Muammar Gaddafi, Saddam Hussein and Soekarno!!!

    Who would have thought that the "backed by gold" Russian ruble turned out to be effective? Is this what causes America to be more aggressive in helping Ukraine as an extension of America to attack Russia or is it really going to be a long war to move America's Industrial Military Complex to work fully in the midst of America's lowest weakening economy in the last 40 years? or like Soekarno, Gaddafi, Saddam Hussein, Putin Must Die!!!

    We all know the hypocrisy of the western allies and America by imposing economic sanctions on Russia where Uniqlo, Starbucks, KFC, Apple, and many big corporations closed their business in Russia but still, their country buys oil and gas from Russia, not just buys them according to payment using currency Ruble or using gold Amazingly, the Ruble did not use Back By Dollar or the value of the ruble did not float against the dollar but the ruble became stable using the standard gold price. the gold standard then, in fact, the Ukrainian war will be long and in the long run, Europe will go bankrupt as well as America will go bankrupt.

the Gold Bar of PT Freeport Indonesia Gold Mine

    The rubble backed by gold and the gold transaction to buy oil and gas will be the topic of our discussion this time because many military observers have concluded that the US and British allied actions were not in the name of humanity defending Ukraine, but the rubble backed by gold will dangerous in the US Dollar and Pound sterling going forward this is their main course of action.

    The US Dollar which controls 65% of world trade plus the Euro around 22 percent is 87% of the majority of transactions in the world will be threatened with rubles and gold as a means of payment so that Russia must be attacked and its role is ended. We return to the Obama era who said "People of Libya need to be protected"?

Muammar Gaddafi

    Protected from whom from whom? From Muammar Gaddafi?  Muammar  Gaddafi, who made Libya the richest country in Africa, is a bit strange, American propaganda and real allies, but in the end, we know that America wants to control Libya's oil and wants to control Libya's gold to protect the dollar because Gaddafi is aggressively promoting Gold as a payment instrument in Africa full of buying oil. Libya for an African country.

    Gaddafi also prepared the gold dinar as Africa's single currency, we all know plans like this, the plan is to get rid of the dollar as the world's currency, don't ever do it because you will be targeted, the Libyan state has been very aggressive in promoting this gold currency from 1996 to 2000. 

    Which received a positive response from many African countries even at the height of the American intervention attacks into Libya, Gaddafi was still able to make a meeting with many African heads of state and Islamic countries to join in running the gold currency as a means of payment, which made America accelerate its military aggression by making transactions using gold will challenge the dollar and the euro which will make the dollar price unstable and shift the balance of the world economy towards African countries also make the wealth of a foreign exchange country no longer as proud as it is today, increase its dollar reserves, but how big its gold reserves are at this time That's why Libya has gold reserves of 144 tons, Britain has three times as much as 450 tons, but the population of Britain is 10 times the population of Libya, so when Libya's oil is paid for using gold, America is in danger.

    Gaddafi must be a sinner and the Libyan people must be protected, Obama said. Whereas America wants to control Libya's oil and gold. It's greedy America and its allies who silence America's oppression!!!

Saddam Hussein

    We remind again that before Gaddafi's Libya was executed, Saddam Hussein was also bullied, for promoting the same thing as Gaddafi, Iraq's oil transactions could only use Euros and Gold.

    It's still better because it can still accept the Euro, but most African countries buy Iraqi oil with gold guarantees that America will embargo Iraq, under the pretext that Iraq has weapons of mass destruction, Iraqi gold is robbed and taken all of it to America, only a few are returned to the Iraqi people.

    Finally imposed economic sanctions and the invasion toppled Saddam Hussein's government. Of course, using Gold as a means of payment will make Middle Eastern countries and African countries become sovereign and strong countries and for America, it must be avoided at any cost it must not happen, namely gold must not be in power using other than dollars is a true "Self-Determination". 

    Or state sovereignty, the United Nations does not even support countries to become sovereign, the United Nations which America and its western allies do not want other countries to be prosperous and sovereign to implement a system outside their system, namely the dollar system.

    When OPEC and the oil-producing countries are compact, they don't use the dollar as a means of payment, this will make countries that are thirsty for oil, the world's big countries will not be able to buy the oil because in dollars or pounds they can print the money themselves and pay the price of the oil. 

    But if they use gold, the limited amount of gold they have will make the price of gold go up, the price of oil they pay becomes more expensive, and the oil-producing country will become a rich country, not America, Europe, and even China are rich. Those countries that bought the oil earlier, America, Europe, and China went bankrupt or could never be as big as it is today, so they returned to Ukraine and returned to rubles Backed by Gold as payment for Russian oil and gas transactions using Gold or Rubles with gold prices.

 This is the main reason why weapons of war began to flow and were sent to Ukraine, the goal is not humanity, the goal is not to let the Rubel win and gold reign supreme.

#Geopolitics

Putin Has Turned Off Gas to European!!! 2 Months again Europe goes Dark!!!

    Last Sunday, Russia stopped its gas shipments to Poland and Bulgaria, because they didn't want to pay using gold standard rubles or gold, Germany immediately rushed to pay Russia's gas and oil bills with rubles.

    The Russian company Gazprom has stopped its gas shipments to Poland, where 45 percent of the gas source comes from Gazprom, and Bulgaria, where 90% of the gas depends on Gazprom. 

    Currently, it has not had an impact, because it was stopped by Russia. again panicking in a matter of months as his reserves are currently only 75% full and, soon to be depleted.

    The European Union considers Russia to be a challenging war to which Russia answered "I told you not to mess with Russia. We warn you already! We all know since a month ago Putin made the decision that all Russian products are paid for in rubles.

    Kiril Petrov, Bulgaria's prime minister, was annoyed and thought that Russia had violated the gas sale and purchase contract. But Putin doesn't care, we also know that oil and gas are not easily replaced immediately compared to consumer goods at home, for example, when bottled chili sauce and tomato sauce run out, we can replace it with Sambal chili sauce made immediately. replace its sources for gas and oil.

    You have to prepare new pipelines, and new distribution channels, it will take years to build. We return to Russia, which forces us to use gold or rubles based on gold. This reminds us one more thing about the bargaining power of the dollar, which is challenged by rubles, and gold makes our wild brains boiling feel the injustice of the dollar start. 

    Should we also use Gold? How before we decide, we discuss the history of money and the history of gold as a means of payment transactions, payment instruments at first using the barter system, where goods were exchanged for goods recorded in its first history in the Mesopotamian region until the heyday of Babylon.

    The exchange of goods with goods recorded on a piece of clay or a tablet is due to its complexity because it evaluates an item to be exchanged so recording on a tablet is to remind us that there are advantages or disadvantages in the form of numbers, which if done now are very inaccurate.

    For example, eggs are exchanged for goats, 1000 eggs are for example the value of one goat, while those who have eggs only need a portion of goat meat. At that time, the complexity of thousands of years of transactions was solved by simplifying the payment notes on the tablet and replaced with high-value neutral objects, namely by using an agreement to pay using gold.

    Initially, it was in Greek times around 700 BC, aka the world for 2000 years, before Coinmas were used as a medium of exchange of trust, transactions still used barter which was recorded on the tablet with the presence of gold coins of various sizes, the presence of recording on the tablet was no longer needed after buying and selling. 

Gold Bar of PT Freeport Indonesia Gold Mines

    Using gold coins, the trade relationship has ended. Gold coins are also called fungible, because they can be a medium of exchange for any goods because of the similarity in value, fast forward to the 14th century when the paper was used as a means of payment which is lighter and more detailed in value.

    For a moment, let's take a break, here, we will discuss this light and detailed paper money that actually speeds up the exchange of goods and accelerates economic growth in a region. Compared to 2000 years of transactions using barter and tablets, the world economy has not been evenly distributed only in certain areas of the earth, then when using gold, gold coins as a fungible object of exchange, the world economy began to move fast.

    The Silkroad is one of the masterpieces of this transaction using gold. Then since the 14th century, the world's economy has increased again with advances in machinery technology, shipping, and the search for raw materials in the new world region making Europe in an instant the wealthiest continent in the world at that time because of the ease of transacting in medieval Europe which became prosperous quickly because transactions used paper as well. 

    Still in line with transactions using Gold coins because each issue of the paper is supported by physical goods of gold as a guarantee for the issuance of the paper money and the issuance of the money is only from a public trust institution combined from a place for storing money, namely a bank and a government.

    For this reason, the gold standard was finally met to support the value of paper money or Fiat Money where England 1821 was the first country to use it and since then the pound sterling has become the world currency because the majority of trade transactions around the world at that time mostly ended in the British empire which The colonies are all around the earth.

    Then in 1971 America with its dollar which began to dominate 60% of world trade negates the convertibility of gold against the dollar or gold is no longer a guarantee for the issuance of Fiat money dollars.

    Okay, let's limit the information this time about money and the evolution of money, but again reminding the injustice of printing money dollars that Russia is actually being challenged by Ruble backed by Gold or it can be a second option where Russia also accepts pure bullion gold, 99.99 percent as a medium of exchange for buying products. prepare for oil and gas.

    Even though Russia is only twelve percent of the world's oil and gas producer, where Russia's oil and natural gas in the world, maybe only be one percent of the dollar transaction value, if America and Nato's allied countries are constantly challenged, it will become even more diverse. which is challenging because many countries are inspired, including Indonesia's new mind, the dollar can lose confidence as a country's foreign exchange reserves and as a means of world payment.

# Geopilitics

America as the capital of the Zelensky Party? The mission of the CIA agent is known to Putin!

5 ways the CIA agency America toppled a legitimate government

    Late in 2014 in Ukraine, there was a coup that was built with the people's movement against Yankovic's government persisting like the movement to overthrow Suharto in 1998.

    For that, we will start by analyzing the community first how to overthrow a government in another country. After the story of how intelligence operatives in Yankovic's coup in 2014.

    It is no secret that the American agency CIA often overthrows a legitimate government. There are five ways they did it and until now they still do it.

    The first thing to do is to most often challenge the opposition. This method is the safest and cheapest method of the CIA, usually funding and giving the opposition groups or capitalizing on those who are going to carry out a coup. Like the coup in Iran in 53, Vietnam in 63, Brazil, and Guatemala, one of the intelligence operations with this model was carried out by America.

    The second most common way is by killing the leader. Eliminate the leader of another country and replace it with a pro-American leader. for example President Lumumba in the Congo and many other leaders of various countries whose deaths are not clear but are designed by America to highlight pro-American leaders.

    The third method most often used by the CIA is to paralyze the economy or in the language of the Academy is the Economic Association's tariff war with China, the trade embargo will quickly collapse the country as happened in Cuba until now, then Chile in the '73s when President Salvador Allende who carried out the nationalization of American assets made President Nixon order the CIA with the sentence Make Chilenian Scream or make the Chileans scream.

    Augusto Pinochet's last resort to coup President Salvador Allende. Two things that were done in Chile, economic pressure then supported the opposition coup and now, for example, the Lira currency attack in Turkey which dropped 40% of Turkey value in the last year and made a lot of investment out of Turkey and then Venezuela also met with the Economic Hitman so that inflation was more than one thousand Percent.

    Indonesia in 1997 was part of the Economic Assassination to overthrow the Suharto regime. Then at this time the most frequently used methods number 4 taking control of the media, buying a TV station, buying a radio station, changing public opinion, and carrying out anti-American anti-government campaigns. 

    In Italy, the CIA had bought the American daily newspaper ROME so that Italy would not fall into the hands of the communists, but now CIA officials have said that it is easier to buy journalists and their editors than to buy newspapers or media because now there are a lot of foreign journalists who are paid by the CIA and in media warfare. 

    The key is information control which now extends to the internet and social media with analytics. The last strategy is to create panic or create social. Often there are demos or street protests.

    Take a look, remember that in Indonesia, demonstrations always take to the streets, behind what position we discuss in detail in another chapter, and make sure those who take to the streets don't know what the original motive of the demo was. 

    That was the key to the success of the demonstration, for example, the Iranian figure Muhammad Musadeq who nationalized British oil assets in 1953 was mobilized by massive demonstrations until he was overthrown and then the puppet President of America Shah Iran was made a monarchy again. to overthrow the pro-China Najib several years ago.

    These are all bits of information about the secret organization and how it operates and much more actually. We don't know, so in the future, Indonesia should be careful, we must have a layered strategy and play beautifully, after we will precede everything around the corner that Indonesia can become a big country.

    In 2014, in Ukraine, there was a coup that was built by the people's movement against Yanukovych's government, such as the people's movement that overthrew Suharto in 1998 by playing the Parliament, People's Consultative Assembly (MPR), and People's Representative Council (DPR), where the Ukrainian parliament which controlled the opposition made a decision, namely to dismiss the pro-Moscow president Yanukovych on the day of Saturday 22 Feb 2014. Parliament also decided to hold an expedited general election on 25 May.

    At the time, Yankovic said he rejected the decision, speaking on television before holding the meeting, describing the Yanukov meeting itself, and describing the actions of his political opponents as vandalism, bandits, and coups. Yanukovich also said the new parliamentary measure was unlawful.

    Likewise, decision-making on the ground to support the courage of Yulia Tymoshenko's prison also violates the law. Tymoshenko is the leader of the popular movement on independence square in the capital Kyiv in November2013 which has been at the center of action since opposing the government the leadership of Yanukovych.

    The protests were marked by clashes with security forces that left many people dead, at least 77 people. Ukraine has been in a political crisis since Yanukovych rejected a trade agreement with the European Union in favor of closer ties with the Moscow government.

    Here comes the key information. Ukraine under Yanukovych opted for Moscow designed to fall by America and NATO at least that's what Putin said.

    NATO in the end after taking Ukraine is bringing down Putin and Russia. The strategy of creating chaos, driving news in the media, and mobilizing the anti-Yanukovych masses. Then making a coup in parliament by replacing those who are pro-western is indeed a game that the world knows, by the CIA it is usually done. After Yanukovych was fired Ukraine is still tense. Even the Crimea region is said to want to break away.

    The political turmoil that occurred in the region became an opportunity for Putin to take Crimea instead of being taken by NATO. Russia has sent troops under the pretext of protecting its citizens in Crimea since Saturday, March 1, 2014.

    Putin ordered the soldiers to enter Crimea. The southern region of Ukraine as a buffer area if one day Ukraine becomes NATO's possession, including building a militia force in eastern Ukraine in the Donbas region, is the beginning of eight years of turmoil in Ukraine since 2014.

    The 2014 elections in Ukraine were won by Petro Poroshenko, who has a history as Minister of Foreign Affairs from 2009 to 2010, minister of economic development and Trade until 2012, and from 2007 to 2012 he was chairman of the board of the Ukrainian national bank.

    Petro Poroshenko is still considered not to have carried out NATO's will so the presidential election in 2019 was a new history when a comedian in the "servant of the people" series he starred in turned out not only to make himself a star but in the end actually a servant of the people.

    In 2018 he founded the party which is also named after the title of the series he played. "Servant of the People" or Servant of the people. In the 2019 election, Zelinsky managed to win with a landslide victory of more than 73% of the vote.

    Even if he doesn't have politics. There is one statement from Zelinski that you don't need the experience to be a president, you just need to be a good human being. Zelinsky in many political issues has signed a political contract with NATO before establishing the party serving the people, the election of which he will later bring Ukraine into a NATO member. And after that, all instruments moved according to NATO's will and CIA's will of course, namely to win Zelinsky.

Viktor Yanukovych

    We continue with a summary of the strategic information on intelligence operations to overthrow Yanukovych's pro-Moscow government in Ukraine in 2014 the trick is that the Ukrainian opposition was supported by most of Europe and America to take over parliament and then was shaken by a vote of no confidence, the people took to the streets and the media attacked the government in one direction. Victor Yanukovych.

    As a backup plan, NATO even trains nationalists and armed groups in Western Ukraine, Poland to Lithuania so that they are not only ready for a parliamentary coup. If the parliament fails to be a coup, the militias are ready to carry out an armed coup against Ukraine after obtaining Ukraine constitutionally in 2019, a populist figure was chosen to become the president of Ukraine which will make Ukraine NATO which then in 2022 Russia can no longer hold back to protect Russia's sovereignty taking Ukraine before being taken by NATO.

    For Indonesia, the lesson is how, like East Timor, the current government does not follow Indonesia, for example, but leans more toward Australia and East Timor to join the Quad in the Australia India Japan and America Defense Pact or want to join the British-American Australian Aukus or join the FPDA Five Power Defense Agreement of five countries, Common Wealth, Malaysia, Singapore, Britain, Australia, and New Zealand, which is certain that East Timor will be invaded by Indonesia.

    If Indonesia has the guts to be a superpower country, by the way, does it not think about buffer countries like the Sarawak region, Malaysia, Singapore, Papua New Guinea, and East Timor, because they feel that the South Pacific island nation is not an aggressor country. Australia is also not the aggressor, Singapore is not the aggressor, don't think about it, don't be like that, it's a mistake, you'll be surprised if they start attacking.

#Geopolitics

Almost Complete Design, Construction Phase Next Year

Tuban Grass Root Refinery Project

    The oil and gas industry is increasing downstream development. Pertamina has also increased the progress of the Tuban Grass Root Refinery (GRR) refinery project.

Rosneft

    Director of Development of PT Pertamina Rosneft Processing and Petrochemical (PRPP) Eriyadi stated that his party had entered the finalization of the design details of the project.

    The stage called Front End Engineering Design (FEED) reached 90.99 percent at the end of last month. This figure is higher than the first quarter target, which is 87.84 percent. With this progress, he estimates that the project design can be completed in May.

"This design stage is very important. The completion of this stage is equivalent to 49 percent of the oil refinery construction process," he said.

Tecnicas Reunidas SA (TRSA)

    The FEED activity has been running since March 16. PRPP collaborated with Tecnicas Reunidas SA (TRSA), an engineering company from Spain, as a design contractor. In the FEED stage, TRSA develops the design of open-art units, off-site facilities, and utilities, as well as overall design oversight and integration.

    In parallel, it also cooperates with other partners. Among them, are PT. Perusahaan Listrik Negara (PLN) for the supply of electricity at the construction stage and Kris Energi for the supply of gas. Supporting infrastructure such as the Demak-Tuban toll road, reactivation of the Babat-Tuban city railway, as well receive support from other stakeholders.

"We have received other tax incentives to support the Tuban GRR refinery," he said.

    The land clearing process has also entered stage IV. In that phase, the target is an area of ​​221.17 hectares. The completion of stage IV land clearing as of March 31 has reached 49.01 percent. This figure is faster than the target, which is 45.3 percent.

    Eriyadi added, that after the FEED is completed, the company will enter the final investment decision (FID) process at the shareholder level.

"Furthermore, the engineering, engineering, procurement, construction/EPC phases are expected to start in the third quarter of 2023," he said.

Jawa Pos, Page-3, Wednesday, April 27, 2022

#Rosneft, #Tecnicas Reunidas SA (TRSA)

Phase II Oil and Gas Working Area Auction Brings US$ 14 Million Investment

    A total of four Working Areas (WA/WK) were offered in the Phase II Oil and Gas Block Auction which was held in 2021, all of which attracted investors, and resulted in an investment commitment of US$ 14.14 million and a Signature Bonus of US$ 1.2 million.

BP

    Director-General of Oil and Gas at the Ministry of Energy and Mineral Resources, Tutuka Ariadji, said that the working area auctioned, namely the North Ketapang Working Area, was won by Petronas Carigali Ketapang II Ltd., the Agung I Working Area was won by BP Exploration Indonesia Limited. 

Blogger Agus R Purnomo in Petronas Carigali Ketapang

    The Agung II Working Area was won by BP West Papua I Limited and the Bertak Pijar Quail Working Area was won by PT Mitra Multi Karya.

Auction For Oil and Gas Working Area Phase II 2022

    The investment details for the Firm Commitment and Signature Bonus are US$ 8.1 million and US$ 500 thousand for Petronas Carigali (PC) Ketapang. BP Exploration has a definite commitment of US$ 2.5 million and a Signature Bonus of US$ 100 thousand. Then the BP West Papua Definite Commitment investment is US$ 1.5 million and the Signature Bonus is US$ 100 thousand.

    Meanwhile, Mitra Multi's Fixed Commitment investment is US$ 2 million and the Signature Bonus is US$ 500 thousand. Tutuka said that he was very interested in the Working Area auction this time, giving a positive signal for Indonesia's upstream oil and gas investment at a time of challenging global conditions. 

    In the next stage after the announcement, the Government will send an official notification of the winner and the winner of the auction must submit this letter of intent within 14 working days of receiving the notification of the winner.

    In accordance with the Regulation of the Minister of Energy and Mineral Resources Number 35 of 2021, the signing of the Cooperation Contract is carried out no later than 60 calendar days from the announcement of the winner today.

"For this reason, we hope that the winning bidders can immediately prepare the required documents for signing the KKKS," he said.

Regarding Offer privileges

    Participating Interest 15% PT Pertamina (Persero), Pertamina gets 15% Participating Interest Offering Shares in accordance with the provisions in the Bid Document in accordance with the ESDM Ministerial Regulation Number 35 of 2021, the Government will also submit this to Pertamina.

    In addition to the announcement of the Working Areas, there is currently a Regular Auction for the Oil and Gas Working Area Phase II 2021 which consists of four Working Areas, namely Karaeng, Maratua II, Pope, and West Palmerah. The schedule for access to Bidding Documents is still open until March 24, 2022, while the submission of Participation Documents is from March 24 to 25, 2022.

    Director-General of Oil and Gas at the Ministry of Energy and Mineral Resources, Tutuka Ariadji, said that the working area being auctioned, namely the North Ketapang Working Area was won by Petronas Carigali (PC) Ketapang II Ltd, and BP Exploration Indonesia Limited won the Agung I Working Area. The Great II Working Area was won by BP West Papua I Limited and the Pijar Puyuh Bertak Working Area was won by PT Mitra Multi Karya.

Investor Daily, Page-10, Monday, March 21, 2022

FRESH WIND FROM PETRONAS AND BP

 

    The national upstream oil and gas industry gets fresh air from the commitments of Petronas and BP in three of the four work areas offered by the government through the Ministry of Energy and Mineral Resources.

BP

    The inclusion of Petronas and BP in the Working Areas (WK) or oil and gas blocks North Ketapang, Agung I, and Agung II is considered as the success of the government is seeking to improve the investment climate in the country.

    Moshe Rizal, Executive Director of the Association of National Oil and Gas Companies (Aspermigas), said Petronas in the North Ketapang WK, and BP in the Agung I and Agung II WKs is a good thing. The reason is that the two companies are large National Oil Company (NOC) and International Oil Company (IOC).

Blogger Agus Purnomo in Petronas PC Ketapang 

"We hope like that, we will see the realization in the next three years," he said.

    Moshe also hopes that the government will continue to support oil and gas companies in realizing their investment in the country, especially when conducting exploration activities.

"The challenges that will be faced are both technical and non-technical, and the exploration stage is always the riskiest period."

    When announcing the winner of the direct bid bidding for the oil and gas Working Area phase II 2021, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) Tutuka Ariadji said that the terms and conditions offered by the government this time received a good response from the cooperation contract contractors or KKKS.

“We also received input from KKKS that the terms and conditions offered in this auction are very attractive, and their terms are solid. We can see that in Working Area with high risk, the split can be up to 50-50, and if the risk is reduced, the government's share will be bigger," he said.

    He said the government would seek to improve the investment climate in the national upstream oil and gas industry and offer 17 other Working Areas this year.

    To note, the government received a definite investment commitment of US$14.14 million from Petronas, BP, and Mitra Multi Karya in the auction. In addition, there is also a signature bonus of US $ 1.2 million obtained by the State.

Working Area Ketapang Block Petronas 

    In detail, Petronas through PC Ketapang II Ltd. will conduct a G&G study at WK North Ketapang with a budget of US$1 million, 3D seismic covering an area of ​​300 square kilometers worth US$6.39 million, multi-client uplift fee from 3D seismic covering an area of ​​​​262 square kilometers US$750,000, and a signature bonus of US$500,000

    In WK Agung I, BP through BP Exploration Indonesia Limited will conduct a G&G study with a budget of US$500,000, 2D seismic covering an area of ​​2,000 square kilometers worth US$2 million, and a signature bonus of US$100,000. As for WK Agung II, BP through BP West Papua I Limited is ready to conduct a G&G study worth US$500,000, 2D seismic covering an area of ​​2,000 square kilometers with a value of US$1 million, and a signature bonus of US$100,000.

    Then Mitra Multi Karya will do a workover of eight wells with a budget of US$2 million, and a signature bonus of US$500,000.

    Tutuka said that the investment commitments from the three companies were a positive signal for national upstream oil and gas investment in times of challenging global conditions.

Blogger Agus Purnomo in SKK Migas

FULL SUPPORT

    Head of SKK Migas Dwi Soetjipto ensured that his party will provide full support so that the management of the North Ketapang Working Areas (WK) ​​can run smoothly until new reserves are found.

    According to him, the election of Petronas as the manager of North Ketapang shows that Indonesia's upstream oil and gas investment is still attractive to world-class investors.

“Petronas is one of the largest oil and gas companies in the world. With the additional investment in Indonesia, hopefully, this will be able to attract other world-class investors to follow Petronas' footsteps."

    Petronas Executive Vice President and Chief Executive Officer of Upstream Adif Zulkifli said his party was very happy with the results of the auction. Moreover, Working Areas (WK) North Ketapang is located close to where the company discovered oil reserves last year.

"We will continue to strengthen our upstream oil and gas business to provide value and contribute to the development of the energy industry in Indonesia. As a progressive energy and solutions partner, Petronas is committed to providing Indonesia with a safe and reliable energy supply," he said.

    Separately, BP through its official statement stated that Working Areas (WK) Agung I and II are unexplored areas. The two Working Areas (WK) with very significant gas sources are close to the increasing demand for gas.

"The addition of Agung I and Agung II Blocks to our portfolio reflects our ongoing commitment to invest and grow our business in Indonesia," said BP Regional President Asia Pacific Nader Zaki.

Bisnis Indonesia, Page-4, Monday, March 21, 2022

Strategic Nigeria-Morocco Gas Line

    The Ukraine war, which has escalated into an energy war, is not expected to contribute to the strategic value of the Nigeria-Morocco gas line project. Why is that? Europe, with 40 percent of its gas needs imported from Russia, must now immediately look for alternative gas sources after the United States and Europe maneuvered to impose sanctions on Russia after the military invasion of Ukraine.

Raja Maroko Muhammad VI

    One alternative source that is in high demand today is the Nigeria-Morocco gas line project. The Nigeria-Morocco gas line project, as reported by the Al Jazeera website, Tuesday (8/3), was launched in December 2016, when the King of Morocco, Muhammad VI, visited Abuja and met the Nigerian President Muhammadu Buhari.

Muhammadu Buhari

    At that time, Muhammad VI and Buhari agreed to conduct a study on the construction project of the Nigeria-Morocco gas line to Europe along 5,560 kilometers. The study began in May 2017. Furthermore, in June 2018, Nigeria and Morocco announced the construction of a Nigeria-Morocco gas line project to Europe which will pass through 13 countries in West Africa and North Africa. The project value reached 30 billion US dollars.

Gas line from Nigeria to Morocco

    In June 2021, the construction of the pipeline from Nigeria to Morocco began. Its construction will last 25 years. Saudi Arabia, Qatar, and the United Arab Emirates support the project and will principally invest in the project. The Jeddah-based Islamic Development Bank (IDB) on January 6 signed an agreement with Morocco and Nigeria. IDB will spend 15.45 billion US dollars for the construction of the gas pipeline.

ECOWAS

    The Nigeria-Morocco gas line megaproject will provide great benefits to the West African Region, North Africa, and Europe in the form of jobs, electricity supply in many areas of West Africa that are not yet electrified, and can help with fertilizer production. The project is considered to be strengthening the economic cooperation of the West African Economic Community (ECOWAS), which consists of 15 West African countries. The pipeline is said to pass through most of the ECOWAS member countries.

    Two Arab countries in North Africa, Morocco, and Mauritania have applied to join ECOWAS. Europe is also now paying attention to the project. Its existence is seen as part of the diversification of gas sources. So far, Europe is very dependent on Russia.

Strategic

    The outbreak of the Russo-Ukrainian war since February 24, followed by Western bloc sanctions, namely stopping European imports of Russian gas, has made the Nigeria-Morocco gas route project more strategic for Europe. Moreover, Germany has frozen the Nord Stream 2 project, namely the gas pipeline project from Russia to Europe via Germany, immediately after Russia attacked Ukraine.

the Nord Stream 2 project

    So far, the Nord Stream 2 project is the toughest rival of the Nigeria-Morocco gas pipeline project because the Nord Stream 2 project line is much shorter (about 1,230 kilometers) than the Nigeria-Morocco gas pipeline (5,560 kilometers). 

    However, Nord Stream 2's investment value is much lower so gas prices from the Nigeria-Moroccan pipeline are more expensive. However, Germany's action to freeze the Nord Stream 2 project left the Nigeria-Morocco gas line project without any more serious competitors.

    The only rival for the Nigeria-Morocco gas line will be the East Med gas route, which is a gas pipeline project in the Eastern Mediterranean Sea through Greek territory for gas exports to Europe. According to the US agency for geological studies, oil and gas reserves were found in an area of ​​83,000 square kilometers in the eastern Mediterranean Sea. 

    It is estimated that the mine has gas reserves of up to 287 trillion cubic meters and liquid oil of 1.7 billion barrels. Almost certain, path Nigeria-Moroccan gas, the East Med gas line plus gas from Qatar, can become the new backbone of gas supply to Europe, replacing Russia.

Saad Sherida-Al-Kaabi

    It is impossible to cover Europe's enormous gas demand from a single source. There must be a collaboration between several large gas sources to be able to meet the European market. Qatar's Minister of Energy Affairs, Saad Sherida-Al-Kaabi, at the summit of world gas exporters in Doha on February 22, emphasized that Qatar is willing to increase gas supplies to Europe, but on the other hand, Qatar is unable to meet Europe's gas needs alone.

    This is because Qatar has long-term contracts for gas exports with many other countries. Al-Kaabi's statement shows Qatar's need to collaborate with gas sources in other regions, such as the East Med and the Nigeria-Morocco axis. This cooperation is necessary to fulfill the European gas market.

Kompas, Page-4, Friday, March 11, 2022

Ukraine Crisis Turns Into Energy War

 

    The Ukrainian crisis, which was actually a cooperative relationship between the United States and Russia, turned into an energy war. After being subjected to a barrage of economic sanctions, Russia is now retaliating.

    The Ukrainian crisis that took place with dozens of economic sanctions from Western countries on Russia developed into an "energy war". The United States stops energy imports from Russia. In return, Russia will also retaliate for its energy exports to America and Europe.

    President of the United States (US) Joe Biden in Washington DC, Tuesday (8 March 2022) UTC time or Wednesday (9 March) West Indonesia time, announced the termination of all imports of oil, gas, and coal from Russia to his country. This he called as part of pressure for Russia to stop attacks on Ukraine. Similar moves are being planned by two UK-based oil giants, BP and Shell.

BP

“We banned all imports of Russian oil, gas, and energy. This means Russian oil is no longer welcome at US ports," Biden said.

sHell

    The move immediately responded to Russian President Vladimir Putin by banning the export and import of raw materials and a number of other goods. In Moscow, Putin issued a decree banning the export and import of raw materials to ensure the safety and sustainability of the industry in Russia. The policy is temporarily implemented until December 31, 2022.

Government and parliament

    Russia will soon decide on commodities that are on the banned list. Moscow ensures there will be no ban on private consumption. The prohibition only applies to industrial consumption. 

Alexander Novak

    Before the decree was announced, Russian Deputy Prime Minister Alexander Novak announced that Russia had the right to deliver gas to Europe. However, he said the termination would be detrimental to all parties.

    Previously, the Ukrainian crisis had raised oil prices above 100 US dollars per barrel. However, with the announcement from Washington and Moscow, world oil prices skyrocketed. The price of Brent crude oil had reached the price level of 130.38 US dollars per barrel.

    Meanwhile, West Texas Intermediate oil price reached 125.58 US dollars per barrel.

    The increase in oil prices always raises the prices of other global commodities. This is also what is currently happening. For example, nickel and tin are widely owned by Indonesia the price rose more than 4 percent. The metal price increase was also noted in palladium, very important in the semiconductor industry. As much as 40 percent of the world's supply comes from Russia.

Fatih Birol

    Oil prices were discussed at an energy conference in Paris. Executive Director of the Energy Agency (IEA) Fatih Birol said the IEA could release more international sugar oil stocks creating fuel prices. The IEA represents 31 industrialized countries. Russia is not included.

    The Executive Director of the Reforminer Institute, Komaidi Notonegoro, said the increase in oil prices would further depress the balance of the national oil and gas trade. This is because Indonesia is an importer of clean oil and national energy consumption for oil and gas reaches 51 percent. 

    In the end, the oil and gas trade balance deficit will get bigger. In fact, additional foreign exchange earnings from rising commodity prices. Komaidi is worried that he will not be able to cover the need for additional foreign exchange to finance oil and gas imports.

    As an illustration, the need for foreign exchange for imports of oil and gas can reach around 49.27 billion US dollars assuming an oil price of 120 US dollars per barrel. The needs consist of imports of oil and fuel products worth 44.04 billion US dollars and LPG imports worth 5.23 billion US dollars.

"With such an illustration, foreign exchange needs for oil and gas imports could reach almost 35 percent of Indonesia's current foreign exchange reserves, which are recorded at around US$ 141 billion," he said.

    In fiscal matters, Komaidi is of the opinion that every increase in the oil price of 1 US dollar per barrel will increase oil and gas revenues in the 2022 State Budget (APBN) by around Rp. 3 trillion. However, when the price of oil increases, it will also increase the need for additional subsidies and compensation for oil and gas in larger amounts.

    Furthermore, he added, rising prices triggered by geopolitical conflicts and wars now confirm that even in a transition era, energy, security of oil and gas supply are major issues that cannot be ignored.

    Separately, the Institute for Essential Service Reform (IESR) Transformation Program Manager, Deon Arinaldo, said that when gas supplies from Russia were hampered, European countries would start thinking about not focusing on energy commodities. Indonesia can make an energy transition. However, the challenge for Indonesia is to attract new and renewable energy investments into the country.

“There are many business/industry players who are willing to invest in renewable energy, they just need how the government can facilitate it. It is time for the energy transition to be seen as a strategy for development and economic growth," he said.

Kompas, Page-1, Thursday, March 10, 2022