Home News Minister Ignasius expects oil and gas to boost economic growth

Minister Ignasius expects oil and gas to boost economic growth

VOI NEWS 18.5.2017  10:00 Local Time GMT+7

Minister of Energy and Mineral Resources, Ignasius Jonan expects that oil and gas industry would boost Indonesia’s economic growth. Attending the Indonesian Petroleum Association (IPA) convention in Jakarta, on Wednesday, Minister Ignasius stated that currently, the decreasing oil and gas production are increasing operational costs, including in exploring oil and gas sources. However, the Minister still wants Indonesian oil and gas industry to produce maximally. He added that one of the keys to achieving that is operational efficiency, as no industry or experts can predict the world oil price precisely every year. Minister Jonan hopes that the Contractors of Cooperation Contract would be more active in efficiency exploration, especially PT. Pertamina, Indonesia’s State-Owned Oil and Gas Company. (Antara)


Bulog ready with 2 million tons of rice for food stabilization campaign

The State Logistic Agency -Bulog has stocked up two million tons of rice for Food Stabilization Campaign throughout Indonesia during the fasting month Ramadan and Idul Fitri.  Bulog’s President Director, Djarot Kusumayakti stated in Jakarta on Wednesday that his agency would provide the staple food for the campaign. Bulog has initiated the Food Stabilization Campaign to secure food prices, ahead of the fasting month -Ramadhan and Idul Fitri, and it would be carried out across the country for two weeks. For the occasion, Bulog has dispatched 20 trucks loaded with basic commodities, including rice, sugar, edible oil, and meat, to some traditional markets in Jakarta to stabilize food price. (Antara)

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