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TAMBANG 06 April 2014 | 23.56
Eleven PKP2B Holders Ready for Signing
Jakarta - TAMBANG. Renegotiation agreement between coal mining companies holding PKP2B licenses and the government is now in more advanced phase. Some large entrepreneurs have appeared as among the first to conclude the renegotiation after a signing by 19 PKP2B companies early March.
TAMBANG 06 April 2014 | 23.54
Coal Carriers Still Reaping Profit
Jakarta - TAMBANG. Despite sluggish coal market, those in coal transportation service are still able to record a profit. PT. Mitrabahtera Segara Sejati, Tbk. (MBSS), for instance, is said to reap a net profit of US$ 38.3 million during 2013, more than last year’s figure of only US$ 36.5 million.
TAMBANG 06 April 2014 | 23.52
Petroleum Fund Key to Nat’l Oil and Gas Industry Resurgence
Jakarta - TAMBANG. Secretary of Special Task Force on Upstream Oil and Gas (SKK Migas) Gde Pradyana stated that the conditions of oil and gas industries in Indonesia and Colombia are not that much different. Proved reserves of the latter is not much different than that of Indonesia’s, approximately of 3.5 billion barrels.
TAMBANG 06 April 2014 | 23.51
On Oil & Gas Management, Indonesia Must Learn from Colombia
Jakarta - TAMBANG. DipnalaTanzir, Executive Director of the Indonesian Petroleum Association (IPA) acknowledged that Indonesia also is having the same opportunity as Colombia in generating the oil and gas industry. This was statedon the eve of welcomingJavier Betancourt Valle, the President of Colombia’s National Hydrocarbon Agency (ANH) in Jakarta, Thursday (3/4).
TAMBANG 06 April 2014 | 23.49
Mandatory Smelter Deposit Five Percent of Investment
Jakarta - TAMBANG. Director General of Mineral and Coal, Sukhyar, announced that a deposit fund for construction of smelters to be paid by mining companies establishing a smelter is mandatory. He understood this could lead to protests from the businesses, especially holders of Mining Business License (IUP).