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Three years had passed after the Masela Block’s LNG development plan was changed from offshore to onshore, but the government has yet agreed to the revision. Deputy Energy Minister Arcandra Tahar asked contractors to lower cost estimates, but the SKK Migas recently raised the figures.
Masela Block’s development is entering a new chapter. Amid preparations for Rp280 trillion project’s front-end engineering design, the contractor received a visit from businessman Tomy Winata, who offered his port in Tual to serve as a logistics base. With regional government officials giving their support, it is believed that accepting the tycoon’s proposal would only cause costs to swell.
Trans Pacific Petrochemical Indotama’s (TPPI) aromatic refinery in Tuban, East Java, will be resuscitated. Pertamina plans to rebuild it into an integrated petrochemicals factory after controlling the majority shares of TPPI’s parent company Tuban Petrochemical Industries (TPI).
The government is completing the final draft of its job creation bill, as part of the omnibus bill package. Amid criticism of the government’s non-transparent drafting process, several concepts still in the preliminary stages may experience overhauls, with the inclusion of business people in the deliberations.
Coordinating Ministry for Economic Affairs Secretary Susiwijono
The economic downturn caused by the coronavirus pandemic has impacted hundreds of thousands of workers. The number may still rise to the millions, with disappearing jobs adding to new unemployment. But limited data is a stumbling block to the government’s pre-employment card program.